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C » Topics » Pre-provision Earnings per the Current Report on Form 8-K dated March 9, 2009

These excerpts taken from the C 8-K filed May 22, 2009.

Pre-provision Earnings per the Current Report on Form 8-K dated March 9, 2009

(in millions)

 

2008 Average Quarterly Revenues (excluding marks):

 

 

 

2008 GAAP Revenues

 

$

52,793

 

2008 Disclosed Marks

 

31,794

 

Net 2008 Revenues (excluding marks)

 

$

84,587

 

2008 Average Quarterly Revenues (excluding marks) as disclosed in Form 8-K

 

$

21,147

 

 

 

 

 

Fourth Quarter 2008 Run Rate:

 

 

 

4Q08 Expenses (excluding provision)

 

$

25,290

 

Less 4Q08 one-timers:

 

 

 

Nikko Asset Management Intangible Impairment

 

(937

)

Goodwill Impairment

 

(9,568

)

Restructuring Items

 

(1,970

)

Fourth Quarter 2008 Run Rate

 

$

12,815

 

Pre-provision Earnings as disclosed in the Current Report on Form 8-K dated March 9, 2009

 

$

8,332

 

 

2


 

The revenues of $19 billion represented the Company’s GAAP revenues for the first two months of 2009, excluding disclosed marks, is as follows:

 

Pre-provision Earnings per the Current Report on Form 8-K dated March 9, 2009

(in millions)

 

 

 

Feb09 QTD

 

Revenues (excluding marks):

 

 

 

GAAP Revenues

 

$

17,279

 

Disclosed Marks (1)

 

1,806

 

Net Revenues (excluding marks)

 

$

19,085

 

 

(1) Includes marks on sub-prime related direct exposures, highly leveraged loans and financing commitments, Alt-A mortgage securities, auction rate securities, commercial real estate, structured investment vehicles, and CVA on Citi liabilities at fair value option.

 

3


 

EXCERPTS ON THIS PAGE:

8-K (2 sections)
May 22, 2009

RELATED TOPICS for C:

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