INTERNATIONAL STRENGTH: Citigroup's international reach came in handy as rival banks in Europe dealt with the debt crisis there. Citi's international transaction services posted record quarterly revenue of $2.7 billion, up 7 percent from a year ago.

ACCOUNTING CHARGE: Citi made $2.9 billion in the first three months of the year, or 95 cents per share, which includes a $1.3 billion accounting charge that Citi took because the value of its debt increased. Without that charge, its earnings per share would be $1.11, which beat estimates of $1.01 among analysts surveyed by FactSet, a provider of financial data.

DEPOSITS VS. LOANS: John Gerspach, Citi's chief financial officer, said that roughly 26 percent of the bank's balance sheet was now in cash or similar investments rather than earning income from loans.