CitigroupInc. (NYSE:C) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
Attached hereto as Exhibit99.1 is the Citigroup Inc. (Citi)
revised 4Q16 Historical Quarterly Financial Data Supplement as of
December31, 2016 (the Revised Historical Supplement), reflecting
the following reporting changes and reclassifications:
the reporting of Citi Holdings as part of
Corporate/Other which, prior to the first quarter of
2017, was a separately reported business segment (as previously
announced, the remaining business and portfolios of assets in
Citi Holdings will be reported as part of
Corporate/Other and Citi Holdings will cease to be a
separately reported business segment beginning in the first
quarter of 2017);
the re-attribution of certain treasury-related costs between
Corporate/Other and Global Consumer Banking and
Institutional Clients Group (ICG);
the re-attribution of regional revenues within ICG;
additional income statement line item disclosures for ICGs
Markets businesses that were reflected in Citis 2016 Annual
Report on Form10-K; and
certain other immaterial reclassifications.
For additional information, see Citigroup Segments and
Citicorp in Citis 2016 Annual Report on Form10-K. Citis
consolidated results remain unchanged for all periods presented
as a result of the changes and reclassifications discussed above.
The Revised Historical Supplement reflects the format Citi will
use to present its first quarter of 2017 financial results on
April13, 2017 and is being provided solely to facilitate
comparison of first quarter of 2017 results with those of prior
periods.
This Form8-K, including the attached Exhibit99.1, is being
furnished to the Securities Exchange Act of 1934, as amended
(Act), and thus shall not be deemed to be filed for purposes of
Section18 of the Act or incorporated by reference into any
filings under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
ExhibitNumber |
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99.1 |
Citigroup Inc. Revised 4Q16 Historical Quarterly |
About Citigroup Inc. (NYSE:C)
Citigroup Inc. (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Company operates through two segments: Citicorp and Citi Holdings. Citicorp is the Company’s global bank for consumers and businesses and represents its core franchises. Citicorp is focused on providing products and services to customers and leveraging the Company’s global network, including various economies. As of December 31, 2016, Citicorp was present in 97 countries and jurisdictions, and offered services in over 160 countries and jurisdictions. Global Consumer Banking (GCB) provides traditional banking services to retail customers through retail banking, including Citi-branded cards and Citi retail services. Citigroup Inc. (NYSE:C) Recent Trading Information
Citigroup Inc. (NYSE:C) closed its last trading session up +0.30 at 59.89 with 20,295,245 shares trading hands.