Discontinued — last reported Q3 '23
Business Segments · Operating expense
Institutional Clients Group — Operating expense
Citigroup Institutional Clients Group — Operating expense decreased by 1.5% to $7.18B in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 9.8%, from $6.54B to $7.18B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ4 2020
Last reportedQ3 2023Nov 3, 2023
Rolls up toTotal Operating Expenses
How to read this metric
Lower expenses relative to revenue signal improved operational efficiency and better cost management.
Detailed definition
This metric tracks the total costs incurred to operate the Institutional Clients Group, including personnel, technology,...
Peer comparison
Comparable to 'Non-interest expense' or 'Operating expenses' in the institutional banking divisions of global peers.
Metric ID:
c_segment_institutional_clients_group_operating_expenseHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.83B | $5.96B | $6.23B | $6.72B | $6.43B | $6.54B | $6.60B | $6.97B | $7.29B | $7.18B |
| QoQ Change | — | +2.3% | +4.4% | +8.0% | -4.3% | +1.7% | +0.9% | +5.6% | +4.5% | -1.5% |
| YoY Change | — | — | — | — | +10.4% | +9.7% | +6.0% | +3.7% | +13.2% | +9.8% |
Range$5.83B – $7.29B
CAGR+9.7%
Avg YoY Growth+8.8%
Median YoY Growth+9.7%
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Frequently Asked Questions
- What is Citigroup's institutional clients group — operating expense?
- Citigroup (C) reported institutional clients group — operating expense of $7.18B in Q3 2023.
- How has Citigroup's institutional clients group — operating expense changed year-over-year?
- Citigroup's institutional clients group — operating expense increased by 9.8% year-over-year, from $6.54B to $7.18B.
- What does institutional clients group — operating expense mean?
- The total costs required to run the institutional banking business.