<\/p>\n
Profit increased to US$3.06 per share in the three months ended March 31.<\/p>\n
Citigroup beat estimates for first-quarter profit on Tuesday (Apr 14), as geopolitical tensions fuelled market volatility and boosted trading revenue, while strong dealmaking buoyed investment banking fees, sending its shares up 1.4 per cent premarket.<\/p>\n
Trading desks benefited from heightened volatility across asset classes as the US-Israeli war on Iran escalated tensions in the Middle East and obstructed oil shipping through the Strait of Hormuz, while concerns over AI-driven disruption triggered a sell-off in software stocks. The rebalancing of portfolios by clients and sharp price swings boost trading volumes.<\/p>\n
Profit increased to US$3.06 per share in the three months ended March 31, the third-largest US lender reported on Tuesday. This compares with analysts\u2019 average estimate of US$2.65 per share, according to data compiled by LSEG.<\/p>\n
Citi beat its target for profitability in the first quarter, posting a 13.1 per cent return over tangible common equity. The bank is aiming at 10 per cent to 11 per cent return for the full year.<\/p>\n
\u201cWe remain very much on track to deliver the 10-11 per cent Return on Tangible Common Equity (RoTCE) target this year,\u201d said CEO Jane Fraser in a statement.<\/p>\n
Citi reported its highest quarterly revenue in a decade, US$24.6 billion, boosted by market volatility during the first quarter which increased its total markets revenue by 19 per cent over a year earlier to US$7.2 billion.<\/p>\n
Fees from equity markets rose 39 per cent in the quarter, helped by growth across derivatives, prime services and cash equities. Prime balances in the markets division jumped more than 50 per cent, the firm said.<\/p>\n
Revenue in fixed income trading was up 13 per cent over a year earlier, rates and currencies revenue rose 6 per cent and other fixed income rose 27 per cent, driven by strong performance in commodities.<\/p>\n
Hot dealmaking activity by the investment bank increased Citigroup\u2019s banking division revenue by 15 per cent in the quarter. Fees in equity underwriting rose 64 per cent and in M&A advisory, 19 per cent. Fees with fixed income underwriting fell 6 per cent.<\/p>\n
Prolonged geopolitical uncertainty did not have a big effect on transactions in the first quarter, but may weigh on dealmaking and derail the strong momentum.<\/p>\n
Industry-wide investment banking revenue rose nearly 14 per cent to about US$28.2 billion in the first quarter, according to Dealogic. Citigroup ranked fifth by fees among global banks during the period.<\/p>\n
Net interest income, the difference between what a bank earns on loans and pays out on deposits, rose 12 per cent.<\/p>\n
The wealth management and retail banking division had 11 per cent growth in revenue, adjusting for the transfer of assets Citi did over the last 12 months. The division had the lowest return within the bank, 10.8 per cent over tangible common equity.<\/p>\n
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Profit increased to US$3.06 per share in the three months ended March 31. Citigroup beat estimates for first-quarter profit on Tuesday (Apr 14), as geopolitical tensions fuelled market volatility and boosted trading revenue, while strong dealmaking buoyed investment banking fees, sending its shares up 1.4 per cent premarket. Trading desks benefited from heightened volatility across […]<\/p>\n","protected":false},"author":1,"featured_media":5876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/04\/Citi-Bank-14-1140x445.jpg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/04\/Citi-Bank-14-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/04\/Citi-Bank-14-300x222.jpg",300,222,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2026\/04\/Citi-Bank-14.jpg",1320,978,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=5875"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5875\/revisions"}],"predecessor-version":[{"id":5877,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/5875\/revisions\/5877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/5876"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=5875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=5875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=5875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}