{"id":3985,"date":"2026-04-14T12:21:16","date_gmt":"2026-04-14T12:21:16","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/citigroup-c-earnings-1q-2026\/"},"modified":"2026-04-14T12:21:16","modified_gmt":"2026-04-14T12:21:16","slug":"citigroup-c-earnings-1q-2026","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/citigroup-c-earnings-1q-2026\/","title":{"rendered":"Citigroup (C) earnings 1Q 2026"},"content":{"rendered":"<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\">Citigroup<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 reported on Tuesday, compared with Wall Street estimates compiled by LSEG:<\/p>\n<ul>\n<li>Earnings per share: $3.06 vs. $2.65 estimate<\/li>\n<li>Revenue: $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, while equities jumped 39% to $2.1 billion.<\/p>\n<p>Investment banking came in light compared with estimates, except for equity underwriting, which beat. The unit comprising services showed revenue that increased by 17% in the quarter to $6.1 billion and surpassed Wall Street expectations.\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 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>This story is developing. Please check back for updates.<\/em> <\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\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 top and bottom lines during the first quarter. Here&#8217;s what the firm reported on Tuesday, compared with Wall Street estimates compiled by LSEG: Earnings per share: $3.06 vs. $2.65 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3986,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1075,213],"class_list":["post-3985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-citigroup","tag-earnings"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/3985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=3985"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/3985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/3986"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=3985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=3985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=3985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}