{"id":50529,"date":"2026-04-14T14:23:37","date_gmt":"2026-04-14T14:23:37","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=50529"},"modified":"2026-04-14T14:23:37","modified_gmt":"2026-04-14T14:23:37","slug":"citigroup-c-earnings-1q-2026","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=50529","title":{"rendered":"Citigroup (C) earnings 1Q 2026"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108254914\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Jane Fraser, CEO of CitiGroup, speaking at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. <\/p>\n<p>Oscar Molina | CNBC<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/C\/\">Citigroup<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> beat on the top and bottom lines during the first quarter.<\/p>\n<p>Here&#8217;s what the firm <a href=\"https:\/\/www.citigroup.com\/rcs\/citigpa\/storage\/public\/Earnings\/Q12026\/2026prqtr1rslt.pdf\" target=\"_blank\">reported on Tuesday<\/a>, compared with Wall Street estimates compiled by LSEG:<\/p>\n<ul>\n<li><strong>Earnings per share:<\/strong> $3.06 vs. $2.65 estimate<\/li>\n<li><strong>Revenue<\/strong>: $24.63 billion\u00a0vs. $23.55 billion estimate<\/li>\n<\/ul>\n<p>Those results marked\u00a0the firm&#8217;s best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share.\u00a0<\/p>\n<p>Citigroup&#8217;s return on tangible common equity, a measure of profitability, came in at 13.1%, the highest since 2021 and above the firm&#8217;s goal of between 10% and 11% ROTCE.\u00a0<\/p>\n<p>CEO Jane Fraser said in a statement the bank is on track to deliver that ROTCE target this year and said of the firm&#8217;s recent streamlining, &#8220;We&#8217;ve entered into the final phase of our divestitures and 90% of our transformation programs are now at or near our target state.&#8221;<\/p>\n<p>Citigroup, whose stock is the best performer year to date among the large banks, has gotten a boost from its turnaround effort and relatively low valuations. The firm has been streamlining its operations and working through several regulatory\u00a0consent orders, which it reportedly expects to complete this year.\u00a0<\/p>\n<p>However, with its global footprint, Citigroup is also perceived to be more impacted by the geopolitical environment than many of its peers.\u00a0<\/p>\n<p>The bank&#8217;s markets division was a big driver of its first-quarter beat, with its larger, fixed income division gaining 13% to $5.2 billion in revenue, topping the StreetAccount estimate of $4.68 billion. Equities jumped 39% to $2.1 billion, beating the estimate by about $500 million. <\/p>\n<p>Investment banking came in light compared with estimates, except for equity underwriting, which was $208 million and beat estimates of $186.3 million, according to StreetAccount. The unit comprising services showed revenue that increased by 17% in the quarter to $6.1 billion and surpassed Wall Street expectations of $5.8 billion.\u00a0<\/p>\n<p>Citi&#8217;s wealth and U.S. consumer cards divisions were slightly reconfigured in the quarter and not comparable to estimates. However, they each saw gains thanks to Citigold and retail banking.<\/p>\n<p>The firm&#8217;s provision for credit losses was higher than expected \u2014 at $2.81 billion versus $2.64 billion expected, per StreetAccount \u2014 due to net credit losses in consumer cards and an allowance for credit loss build of $579 million.\u00a0<\/p>\n<p>Expenses were higher by 7% due to severance and foreign exchange translation.\u00a0<\/p>\n<p><em>\u2014 CNBC&#8217;s Laya Neelakandan contributed to this report.<\/em> <\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\"><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2026\/04\/14\/citigroup-c-earnings-1q-2026.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jane Fraser, CEO of CitiGroup, speaking at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026. Oscar Molina | CNBC Citigroup beat on the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":50530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[40],"tags":[],"class_list":["post-50529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/50529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50529"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/50529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/50530"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}