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C » Topics » BOARD AUTHORIZES UP TO ADDITIONAL $10 BILLION IN SHARE REPURCHASES

This excerpt taken from the C 8-K filed Apr 17, 2006.

BOARD AUTHORIZES UP TO ADDITIONAL $10 BILLION IN SHARE REPURCHASES

        New York, NY, April 17, 2006—Citigroup Inc. (NYSE:C) today reported net income for the first quarter of 2006 of $5.64 billion, or $1.12 per share. Return on common equity was 20.3%. Results include $846 million of compensation expense ($520 million after-tax) related to stock grants to retirement-eligible employees required under SFAS 123(R), and a $657 million tax benefit related to the resolution of a federal tax audit for the years 1999 through 2002.

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