Subtext

Citigroup Inc. C

SectorFinancials
Transcripts73
Date range2006-10-19 – 2025-04-15
Calls charted73

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-14-7+0+7+142006 Q32009 Q12012 Q12014 Q32017 Q12019 Q32022 Q12024 Q32006 Q3 · Overall: +3.92006 Q4 · Overall: +4.92007 Q1 · Overall: +3.22007 Q2 · Overall: +3.02007 Q3 · Overall: -3.62007 Q4 · Overall: -9.42008 Q1 · Overall: -8.02008 Q2 · Overall: -10.42008 Q3 · Overall: -12.32008 Q4 · Overall: -8.92009 Q1 · Overall: -11.52009 Q2 · Overall: -12.12009 Q3 · Overall: -8.52009 Q4 · Overall: -11.72010 Q1 · Overall: -11.32010 Q4 · Overall: -9.42011 Q1 · Overall: -11.42011 Q2 · Overall: -5.82011 Q3 · Overall: -5.82011 Q4 · Overall: -5.92012 Q1 · Overall: +0.92012 Q2 · Overall: +0.82012 Q3 · Overall: -4.52012 Q4 · Overall: +3.52013 Q1 · Overall: -6.32013 Q2 · Overall: -8.52013 Q3 · Overall: -3.02013 Q4 · Overall: +1.32014 Q1 · Overall: -1.72014 Q2 · Overall: +1.32014 Q3 · Overall: +1.12014 Q4 · Overall: -2.02015 Q1 · Overall: +3.92015 Q2 · Overall: +4.82015 Q3 · Overall: +4.92015 Q4 · Overall: +5.22016 Q1 · Overall: +1.82016 Q2 · Overall: +6.72016 Q3 · Overall: +5.02016 Q4 · Overall: +5.52017 Q1 · Overall: +4.32017 Q2 · Overall: +6.82017 Q3 · Overall: +1.92017 Q4 · Overall: +8.62018 Q1 · Overall: +7.42018 Q2 · Overall: +11.82018 Q3 · Overall: +6.02018 Q4 · Overall: +3.82019 Q1 · Overall: +8.92019 Q2 · Overall: +4.72019 Q3 · Overall: +6.82019 Q4 · Overall: +10.52020 Q1 · Overall: -6.02020 Q2 · Overall: -1.52020 Q3 · Overall: +1.32020 Q4 · Overall: +4.92021 Q1 · Overall: +7.72021 Q2 · Overall: +7.52021 Q3 · Overall: +4.02021 Q4 · Overall: +2.32022 Q1 · Overall: +0.42022 Q2 · Overall: +0.62022 Q3 · Overall: -0.52022 Q4 · Overall: +3.52023 Q1 · Overall: +4.62023 Q2 · Overall: +1.32023 Q3 · Overall: +1.82023 Q4 · Overall: +1.12024 Q1 · Overall: +2.92024 Q2 · Overall: +3.62024 Q3 · Overall: +5.72024 Q4 · Overall: +9.42025 Q1 · Overall: +3.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-28-14+0+14+282006 Q32009 Q12012 Q12014 Q32017 Q12019 Q32022 Q12024 Q32006 Q3 · CEO: +10.42006 Q4 · CEO: +8.12007 Q1 · CEO: +11.32007 Q2 · CEO: +21.02007 Q3 · CEO: +6.02007 Q4 · CEO: +8.32008 Q1 · CEO: +7.52008 Q4 · CEO: +11.22009 Q2 · CEO: +1.02009 Q3 · CEO: +10.92009 Q4 · CEO: +7.72010 Q1 · CEO: +3.22010 Q4 · CEO: +7.22011 Q1 · CEO: +0.82011 Q2 · CEO: +6.62011 Q3 · CEO: +3.52011 Q4 · CEO: +0.72012 Q1 · CEO: +5.22012 Q2 · CEO: +1.02012 Q3 · CEO: +5.92012 Q4 · CEO: +8.72013 Q1 · CEO: +6.02013 Q2 · CEO: -1.72013 Q3 · CEO: -0.42013 Q4 · CEO: +4.92014 Q1 · CEO: -1.12014 Q2 · CEO: +5.92014 Q3 · CEO: +9.62014 Q4 · CEO: +3.62015 Q1 · CEO: +10.72015 Q2 · CEO: +16.72015 Q3 · CEO: +8.12015 Q4 · CEO: +9.72016 Q1 · CEO: +4.72016 Q2 · CEO: +5.62016 Q3 · CEO: +8.92016 Q4 · CEO: +5.82017 Q1 · CEO: +12.42017 Q2 · CEO: +12.02017 Q3 · CEO: +4.02017 Q4 · CEO: +9.42018 Q1 · CEO: +13.62018 Q2 · CEO: +17.82018 Q3 · CEO: +14.72018 Q4 · CEO: +0.02019 Q2 · CEO: +3.52019 Q3 · CEO: +7.72019 Q4 · CEO: +13.92020 Q2 · CEO: +7.22020 Q3 · CEO: +7.42020 Q4 · CEO: +23.62021 Q1 · CEO: +14.92021 Q2 · CEO: +20.42021 Q4 · CEO: +21.12022 Q1 · CEO: +7.72022 Q2 · CEO: +0.82022 Q3 · CEO: +0.32022 Q4 · CEO: +11.22023 Q1 · CEO: +14.32023 Q2 · CEO: +10.02023 Q3 · CEO: +9.32023 Q4 · CEO: +8.12024 Q1 · CEO: +16.62024 Q2 · CEO: +8.82024 Q3 · CEO: +18.42024 Q4 · CEO: +24.72025 Q1 · CEO: +18.62006 Q3 · CFO: +2.82006 Q4 · CFO: +8.82007 Q1 · CFO: +5.82007 Q2 · CFO: +2.42007 Q3 · CFO: -4.22007 Q4 · CFO: -11.92008 Q1 · CFO: -10.22008 Q2 · CFO: -10.02008 Q3 · CFO: -12.52008 Q4 · CFO: -17.12009 Q1 · CFO: -9.92009 Q2 · CFO: -16.22009 Q3 · CFO: -11.42009 Q4 · CFO: -16.02010 Q1 · CFO: -14.82010 Q4 · CFO: -13.22011 Q1 · CFO: -12.02011 Q2 · CFO: -5.92011 Q3 · CFO: -7.42011 Q4 · CFO: -5.22012 Q1 · CFO: +4.22012 Q2 · CFO: -1.72012 Q3 · CFO: -4.32012 Q4 · CFO: -0.22013 Q1 · CFO: -5.62013 Q2 · CFO: -6.82013 Q3 · CFO: -0.62013 Q4 · CFO: +2.62014 Q1 · CFO: +2.42014 Q2 · CFO: +3.22014 Q3 · CFO: +2.32014 Q4 · CFO: +1.12015 Q1 · CFO: +10.22015 Q2 · CFO: +7.82015 Q3 · CFO: +7.52015 Q4 · CFO: +8.02016 Q1 · CFO: +5.32016 Q2 · CFO: +10.92016 Q3 · CFO: +7.62016 Q4 · CFO: +8.32017 Q1 · CFO: +4.12017 Q2 · CFO: +9.22017 Q3 · CFO: +3.02017 Q4 · CFO: +11.42018 Q1 · CFO: +9.52018 Q2 · CFO: +12.02018 Q3 · CFO: +7.22018 Q4 · CFO: +10.52019 Q1 · CFO: +9.32019 Q2 · CFO: +9.12019 Q3 · CFO: +11.92019 Q4 · CFO: +13.22020 Q1 · CFO: -3.32020 Q2 · CFO: +4.52020 Q3 · CFO: +0.22020 Q4 · CFO: +3.92021 Q1 · CFO: +7.32021 Q2 · CFO: +8.82021 Q3 · CFO: +6.02021 Q4 · CFO: +2.62022 Q1 · CFO: +2.72022 Q2 · CFO: +4.22022 Q3 · CFO: +2.42022 Q4 · CFO: +2.42023 Q1 · CFO: +3.52023 Q2 · CFO: +1.72023 Q3 · CFO: -1.72023 Q4 · CFO: -0.22024 Q1 · CFO: +2.22024 Q2 · CFO: +5.12024 Q3 · CFO: +3.92024 Q4 · CFO: +4.62025 Q1 · CFO: -2.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-25-12+0+12+252006 Q32009 Q12012 Q12014 Q32017 Q12019 Q32022 Q12024 Q32006 Q3 · Prepared remarks: +3.32006 Q4 · Prepared remarks: +11.52007 Q1 · Prepared remarks: +8.12007 Q2 · Prepared remarks: +12.02007 Q3 · Prepared remarks: -2.62007 Q4 · Prepared remarks: -10.02008 Q1 · Prepared remarks: -11.22008 Q2 · Prepared remarks: -14.82008 Q3 · Prepared remarks: -21.32008 Q4 · Prepared remarks: -11.82009 Q1 · Prepared remarks: -12.32009 Q2 · Prepared remarks: -15.42009 Q3 · Prepared remarks: -9.52009 Q4 · Prepared remarks: -21.72010 Q1 · Prepared remarks: -13.52010 Q4 · Prepared remarks: -11.32011 Q1 · Prepared remarks: -11.42011 Q2 · Prepared remarks: -5.22011 Q3 · Prepared remarks: -5.22011 Q4 · Prepared remarks: -5.32012 Q1 · Prepared remarks: +6.62012 Q2 · Prepared remarks: +1.12012 Q3 · Prepared remarks: +1.12012 Q4 · Prepared remarks: -1.12013 Q1 · Prepared remarks: -0.82013 Q2 · Prepared remarks: -7.32013 Q3 · Prepared remarks: -7.22013 Q4 · Prepared remarks: +5.52014 Q1 · Prepared remarks: +3.02014 Q2 · Prepared remarks: +6.02014 Q3 · Prepared remarks: +7.22014 Q4 · Prepared remarks: +4.42015 Q1 · Prepared remarks: +12.42015 Q2 · Prepared remarks: +14.92015 Q3 · Prepared remarks: +7.92015 Q4 · Prepared remarks: +16.32016 Q1 · Prepared remarks: +6.72016 Q2 · Prepared remarks: +10.52016 Q3 · Prepared remarks: +10.12016 Q4 · Prepared remarks: +14.22017 Q1 · Prepared remarks: +14.22017 Q2 · Prepared remarks: +12.02017 Q3 · Prepared remarks: +9.02017 Q4 · Prepared remarks: +17.92018 Q1 · Prepared remarks: +17.22018 Q2 · Prepared remarks: +20.92018 Q3 · Prepared remarks: +19.52018 Q4 · Prepared remarks: +13.72019 Q1 · Prepared remarks: +8.42019 Q2 · Prepared remarks: +15.02019 Q3 · Prepared remarks: +16.72019 Q4 · Prepared remarks: +19.32020 Q1 · Prepared remarks: +3.62020 Q2 · Prepared remarks: +4.82020 Q3 · Prepared remarks: +1.42020 Q4 · Prepared remarks: +11.42021 Q1 · Prepared remarks: +13.02021 Q2 · Prepared remarks: +12.82021 Q3 · Prepared remarks: +4.32021 Q4 · Prepared remarks: +8.92022 Q1 · Prepared remarks: +3.72022 Q2 · Prepared remarks: +4.62022 Q3 · Prepared remarks: -1.02022 Q4 · Prepared remarks: +5.82023 Q1 · Prepared remarks: +8.82023 Q2 · Prepared remarks: +4.42023 Q3 · Prepared remarks: +2.92023 Q4 · Prepared remarks: +2.32024 Q1 · Prepared remarks: +11.82024 Q2 · Prepared remarks: +12.12024 Q3 · Prepared remarks: +10.92024 Q4 · Prepared remarks: +14.12025 Q1 · Prepared remarks: +1.62006 Q3 · Q&A responses: +7.82006 Q4 · Q&A responses: +5.12007 Q1 · Q&A responses: +2.72007 Q2 · Q&A responses: -2.52007 Q3 · Q&A responses: -2.72007 Q4 · Q&A responses: -6.02008 Q1 · Q&A responses: -3.52008 Q2 · Q&A responses: -4.22008 Q3 · Q&A responses: +0.92008 Q4 · Q&A responses: +2.02009 Q1 · Q&A responses: -9.82009 Q2 · Q&A responses: -3.52009 Q3 · Q&A responses: -4.12009 Q4 · Q&A responses: +0.62010 Q1 · Q&A responses: -0.82010 Q4 · Q&A responses: -4.82011 Q1 · Q&A responses: -8.32011 Q2 · Q&A responses: -3.62011 Q3 · Q&A responses: -3.72011 Q4 · Q&A responses: -3.02012 Q1 · Q&A responses: -0.32012 Q3 · Q&A responses: -4.22012 Q4 · Q&A responses: +8.42013 Q1 · Q&A responses: -2.62013 Q2 · Q&A responses: -4.12013 Q3 · Q&A responses: +4.32013 Q4 · Q&A responses: +2.02014 Q1 · Q&A responses: -0.62014 Q2 · Q&A responses: +3.62014 Q3 · Q&A responses: +2.52014 Q4 · Q&A responses: +0.22015 Q1 · Q&A responses: +5.82015 Q2 · Q&A responses: +5.12015 Q3 · Q&A responses: +6.92015 Q4 · Q&A responses: +3.92016 Q1 · Q&A responses: +3.92016 Q2 · Q&A responses: +7.72016 Q3 · Q&A responses: +6.52016 Q4 · Q&A responses: +3.12017 Q1 · Q&A responses: +2.42017 Q2 · Q&A responses: +9.12017 Q3 · Q&A responses: +0.92017 Q4 · Q&A responses: +5.72018 Q1 · Q&A responses: +6.92018 Q2 · Q&A responses: +6.62018 Q3 · Q&A responses: +3.12018 Q4 · Q&A responses: +3.02019 Q1 · Q&A responses: +9.72019 Q2 · Q&A responses: +4.62019 Q3 · Q&A responses: +6.72019 Q4 · Q&A responses: +9.52020 Q1 · Q&A responses: -9.72020 Q2 · Q&A responses: -2.72020 Q3 · Q&A responses: +3.82020 Q4 · Q&A responses: +7.22021 Q1 · Q&A responses: +9.02021 Q2 · Q&A responses: +11.02021 Q3 · Q&A responses: +8.22021 Q4 · Q&A responses: +0.92022 Q1 · Q&A responses: +4.92022 Q2 · Q&A responses: +2.02022 Q3 · Q&A responses: +3.42022 Q4 · Q&A responses: +5.82023 Q1 · Q&A responses: +6.02023 Q2 · Q&A responses: +4.02023 Q3 · Q&A responses: +5.12023 Q4 · Q&A responses: +5.02024 Q1 · Q&A responses: +4.22024 Q2 · Q&A responses: +1.92024 Q3 · Q&A responses: +6.22024 Q4 · Q&A responses: +12.62025 Q1 · Q&A responses: +6.6
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$4.30$6.61$8.912006 Q32009 Q12012 Q12014 Q32017 Q12019 Q32022 Q12024 Q32014 Q1: $5.042014 Q2: $5.032014 Q3: $4.912014 Q4: $5.432015 Q1: $5.492015 Q2: $5.712015 Q3: $5.892015 Q4: $5.742016 Q1: $5.222016 Q2: $5.092016 Q3: $5.002016 Q4: $5.182017 Q1: $5.312017 Q2: $5.462017 Q3: $5.792017 Q4: $5.932018 Q1: $6.662018 Q2: $6.952018 Q3: $7.282018 Q4: $7.582019 Q1: $7.752019 Q2: $8.072019 Q3: $8.212019 Q4: $8.422020 Q1: $8.512020 Q2: $4.622020 Q3: $5.352020 Q4: $5.782021 Q1: $7.092021 Q2: $8.602021 Q3: $8.312021 Q4: $7.862022 Q1: $7.202022 Q2: $7.022022 Q3: $7.042022 Q4: $6.442023 Q1: $6.052023 Q2: $6.282023 Q3: $5.942023 Q4: $5.872024 Q1: $6.172024 Q2: $6.472024 Q3: $6.772024 Q4: $7.25

Forward P/E

3.618.4813.342006 Q32009 Q12012 Q12014 Q32017 Q12019 Q32022 Q12024 Q32014 Q1: 9.722014 Q2: 9.532014 Q3: 10.662014 Q4: 9.662015 Q1: 9.792015 Q2: 9.902015 Q3: 8.932015 Q4: 9.392016 Q1: 8.092016 Q2: 8.252016 Q3: 9.352016 Q4: 11.482017 Q1: 11.452017 Q2: 11.852017 Q3: 11.992017 Q4: 12.672018 Q1: 11.032018 Q2: 9.682018 Q3: 10.132018 Q4: 6.972019 Q1: 8.212019 Q2: 8.372019 Q3: 8.532019 Q4: 9.252020 Q1: 4.282020 Q2: 11.482020 Q3: 8.602020 Q4: 10.342021 Q1: 10.382021 Q2: 8.312021 Q3: 8.472021 Q4: 7.662022 Q1: 7.892022 Q2: 6.782022 Q3: 6.882022 Q4: 7.142023 Q1: 7.412023 Q2: 7.682023 Q3: 7.132023 Q4: 8.412024 Q1: 9.372024 Q2: 9.392024 Q3: 8.842024 Q4: 9.40

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -3.1 fwd EPS ↑ +0.52 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↑ +4.9 fwd EPS ↓ -0.13 Tone rose while the forward EPS estimate was cut.
  • 2017 Q3 tone ↓ -4.9 fwd EPS ↑ +0.33 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -5.8 fwd EPS ↑ +0.33 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -2.2 fwd EPS ↑ +0.30 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q2 tone ↓ -4.1 fwd EPS ↑ +0.32 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -16.6 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +4.5 fwd EPS ↓ -3.89 Tone rose while the forward EPS estimate was cut.
  • 2022 Q4 tone ↑ +4.1 fwd EPS ↓ -0.60 Tone rose while the forward EPS estimate was cut.
  • 2023 Q2 tone ↓ -3.2 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-15+3.0——View →
2024 Q42025-01-15+9.4$7.259.4View →
2024 Q32024-10-15+5.7$6.778.8View →
2024 Q22024-07-12+3.6$6.479.4View →
2024 Q12024-04-12+2.9$6.179.4View →
2023 Q42024-01-12+1.1$5.878.4View →
2023 Q32023-10-13+1.8$5.947.1View →
2023 Q22023-07-14+1.3$6.287.7View →