Citigroup Stock Earnings Reports

Citigroup reported a very strong Q1 2026: net income $5.8B, EPS $3.06, ROTCE 13.1%, and revenues up 14% year-over-year. Four of five core businesses grew double digits; standout performers were Services (revenues +17%, ROTCE 27%), Markets (revenues +19%, Equities +39%), Banking (M&A, ECM strength), Wealth (revenues +11%, improving returns) and U.S. Consumer Cards (revenues +4%, ROTCE ~19%). The company executed $6.3B of share repurchases and is close to completing its $20B buyback plan. CET1 was 12.7% (≈110 bps above the regulatory requirement including a 100 bp management buffer). Credit metrics remain solid: total reserves ~$22B (reserve-to-funded-loans 2.6%), high card portfolio quality (≈85% of balances FICO ≥660) and corporate book largely investment grade. Expenses rose 7% but revenue growth produced ~400 bps of operating efficiency improvement; the firm expects a full-year efficiency ratio around 60%. Management said ~90% of transformation programs are at/near target state, with remaining work focused on data/regulatory reporting; transformation spend is beginning to decline. Key risks cited: uncertain macro and geopolitical developments (Middle East), which could pressure growth and central bank policy. Management reiterated commitment to organic growth, disciplined capital deployment, continued investments (including AI at scale), and guidance to deliver 10%–11% ROTCE for the full year while providing more detail at Investor Day.