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Citigroup

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Big Banks Seek Scale: Five Regional Targets Stand Out for Citi or Wells Fargo
business2 days ago

Big Banks Seek Scale: Five Regional Targets Stand Out for Citi or Wells Fargo

With deregulation widening the M&A window, Citi and Wells Fargo could pursue a large regional bank deal under the 10% national-deposits cap. Five regional banks—Fifth Third, Huntington, Citizens, KeyCorp, and Regions—are highlighted as strong targets; Citi could consider First Horizon, while Wells Fargo could eye Zions. Despite executives’ emphasis on organic growth, analysts say the current climate supports scale-driven consolidation, though actual deals remain limited as banks weigh economics and integration risks.

via CNBC|
#business#citigroup#deposits-cap
Citigroup Surges on Decade-High Revenue and ROTCE Beat
finance-markets4 months ago

Citigroup Surges on Decade-High Revenue and ROTCE Beat

Citigroup posted its best quarterly revenue in a decade and a 56% year-over-year rise in EPS for Q1 2026, with revenue of $24.63 billion and EPS of $3.06, beating estimates. ROTCE rose to 13.1%, above the 10–11% target, and CEO Jane Fraser said Citi is on track to hit the ROTCE goal this year as it completes the final phase of divestitures. The results were driven by a strong markets division (fixed income up 13% to $5.2B; equities up 39% to $2.1B), with services revenue up 17% to $6.1B; wealth and U.S. cards benefited from CitiGold and retail initiatives. Credit losses provisions were higher, and expenses rose about 7% due to severance and FX translation. Citi remains the best-performing large bank stock YTD but faces geopolitical risk and ongoing regulatory consent orders expected to wrap up this year.

via CNBC|
#banks#citigroup#earnings
Citigroup rides IB and wealth gains to a Q4 beat, sets 2026 NII targets
finance7 months ago

Citigroup rides IB and wealth gains to a Q4 beat, sets 2026 NII targets

Citigroup beat Q4 expectations with adjusted EPS of $1.81 on revenue of $19.9B, led by strength in investment banking and wealth management, while a Russia exit-related charge and softer markets limited GAAP results. The bank sees 2026 net interest income ex-markets rising about 5-6% from 2025 (~$49.8B to ~$52.3B-$52.8B) and targets a 60% efficiency ratio, down from 65% in 2025. End-of-period loans rose to $752B and deposits to $1.40T.

via Seeking Alpha|
#citigroup#earnings#finance
Citigroup tops Q4 2025 estimates as core gains offset Russia charge
business7 months ago

Citigroup tops Q4 2025 estimates as core gains offset Russia charge

Citigroup beat Q4 2025 estimates with adjusted EPS of $1.81 on $21.0B revenue; GAAP net income fell 13% to $2.47B ($1.19 per share) due to a $1.1B after-tax charge from divesting Russian operations, but excluding the charge profit would be about $3.6B ($1.81 per share). Revenue outside the Russia charge rose 8% as banking, wealth and institutional services grew. The bank is pursuing CEO Jane Fraser’s restructuring of overseas assets, with momentum watched for 2026 as peers report results.

via CNBC|
#business#citigroup#earnings