Discontinued — last reported Q3 '23
Business Segments · Operating expense
Personal Banking and Wealth Management — Operating expense
Citigroup Personal Banking and Wealth Management — Operating expense increased by 2.3% to $4.30B in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 5.5%, from $4.08B to $4.30B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2020
Last reportedQ3 2023Nov 3, 2023
Rolls up toTotal Operating Expenses
How to read this metric
Lower expenses relative to revenue indicate improved operational efficiency, while rising expenses may signal investment in growth or inflationary pressures.
Detailed definition
This represents the total costs incurred to operate the personal banking and wealth management segment, including person...
Peer comparison
Standard operating expense reporting for business segments in large financial institutions.
Metric ID:
c_segment_personal_banking_and_wealth_management_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 | $3.55B | $3.62B | $4.02B | $3.89B | $3.99B | $4.08B | $4.31B | $4.25B | $4.20B | $4.30B |
| QoQ Change | — | +2.2% | +10.8% | -3.2% | +2.5% | +2.3% | +5.6% | -1.2% | -1.2% | +2.3% |
| YoY Change | — | — | — | — | +12.3% | +12.5% | +7.2% | +9.4% | +5.5% | +5.5% |
Range$3.55B – $4.31B
CAGR+8.9%
Avg YoY Growth+8.7%
Median YoY Growth+8.3%
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Frequently Asked Questions
- What is Citigroup's personal banking and wealth management — operating expense?
- Citigroup (C) reported personal banking and wealth management — operating expense of $4.30B in Q3 2023.
- How has Citigroup's personal banking and wealth management — operating expense changed year-over-year?
- Citigroup's personal banking and wealth management — operating expense increased by 5.5% year-over-year, from $4.08B to $4.30B.
- What does personal banking and wealth management — operating expense mean?
- The total costs required to run the personal banking and wealth management business.