Financial Performance - Citigroup reported a consolidated net income of $4.5 billion for Q4 2025, reflecting a 10% increase year-over-year[1]. - Total Citigroup revenues reached $20 billion in Q4 2025, with net interest income (NII) contributing $12 billion, up 8% from the previous year[1]. - Citigroup reported net revenues of $21,596 million for Q4 2025, a 10% increase from Q4 2024, and full-year revenues of $85,225 million, reflecting a 6% increase compared to FY 2024[2]. - Citigroup's net income for Q4 2025 was $4,064 million, a 34% decrease from Q4 2024, while full-year net income reached $14,306 million, a 13% increase from FY 2024[2]. - Citigroup's net income for FY 2025 was $14,306 million, reflecting a 13% increase from FY 2024[7]. - Total Citigroup reported revenues for FY 2025 reached $85.225 billion, reflecting a 6% increase compared to FY 2024's $80.722 billion[93]. - Total Citigroup Net Income for FY 2025 was reported at $14.306 billion, reflecting a 13% increase compared to FY 2024's $12.682 billion[97]. Revenue Breakdown - Non-Interest Revenues (NIR) accounted for $8 billion, representing a 12% increase compared to Q4 2024[1]. - Total non-interest revenues (NIR) decreased by 4% to $25,433 million in FY 2025 compared to FY 2024[7]. - Services revenue for Q4 2025 reached $5,942 million, an increase of 11% from Q3 2025 and 15% year-over-year[15]. - Corporate lending revenues for Q4 2025 were $938 million, a decrease of 5% from Q3 2025 but a significant increase of 197% year-over-year[104]. - Legacy franchises revenues for FY 2025 were $5,512 million, a 19% decrease from FY 2024[101]. Operating Expenses - Citigroup's total operating expenses for Q4 2025 were $14 billion, which is a 4% increase year-over-year[1]. - Operating expenses for Q4 2025 were $13,425 million, up 6% year-over-year, with full-year operating expenses totaling $55,132 million, a 3% increase from FY 2024[2]. - Total operating expenses for FY 2025 were reported at $55.132 billion, a 3% increase from FY 2024's $53.567 billion[95]. - Total operating expenses for FY 2025 were $6,040 million, a 14% decrease from FY 2024[104]. Capital and Assets - The Common Equity Tier 1 (CET1) capital ratio stood at 12.5%, indicating a strong capital position[1]. - The Common Equity Tier 1 (CET1) Capital ratio stood at 13.41% for Q4 2025, while the Tier 1 Capital ratio was 15.10%[3]. - Total assets increased to $2,571.5 billion in Q4 2025, reflecting a 13% increase from the previous year[2]. - Total end-of-period assets reached $86 billion in Q4 2025, a 16% increase from Q4 2024[49]. Loans and Deposits - Total loans reached $702.1 billion in Q4 2025, marking an 8% increase year-over-year, while total deposits were $1,316.4 billion, a 9% increase from Q4 2024[2]. - Total end-of-period loans as reported for Q4 2025 were $752 million, an 8% increase from Q4 2024's $695 million[93]. - Total end-of-period deposits as reported for Q4 2025 reached $1.404 billion, a 9% increase from Q4 2024's $1.285 billion[93]. Credit Losses and Provisions - The allowance for credit losses (ACL) was reported at $3 billion, with a decrease of 5% from the previous quarter[1]. - Net credit losses (NCLs) for Q4 2025 were $2,459 million, a 1% increase from Q4 2024, with total NCLs for FY 2025 at $9,097 million, a 1% increase compared to FY 2024[2]. - The total allowance for credit losses (ACL) was $19,247 million, with a ratio of 2.58%[76]. - The net credit losses (NCLs) for the quarter were $(2,190) million, showing a 1% decrease compared to $(2,234) million in the previous quarter[79]. Strategic Initiatives - The company plans to expand its wealth management services, targeting a 15% growth in client assets by 2026[1]. - Citigroup is investing in new technology platforms, with a budget of $1 billion allocated for digital transformation initiatives in 2026[1]. - Citigroup's market expansion strategy includes entering three new international markets by the end of 2026[1]. Efficiency and Returns - The efficiency ratio improved to 62.2% in Q4 2025, compared to 67.1% in Q4 2024, indicating better cost management[2]. - The return on common equity (RoCE) for FY 2025 is 8.0%, compared to 5.1% in FY 2024, indicating a significant improvement[90]. - The return on tangible common equity (RoTCE) for FY 2025 was 11.6%, an increase of 250 basis points from 9.1% in FY 2024[24].

NEW YORK (AP) — Setting aside their current fight with the White House, things are looking good on Wall Street. The latest trio of big banks reported their results Wednesday — Bank of America, Citigroup and Wells Fargo — and while each of them do different flavors of banking the theme is the same: profits are up, dealmaking is healthy, and the consumer is doing just fine. “While any number of risks continue, we are bullish on the U.S. economy in 2026,” said Brian Moynihan, CEO and chairman of Bank of Am ...

Wall Street's main indexes slid for the second straight day as investors parsed results from Bank of America and Citigroup, while data for retail sales and producer prices did little to shake expectations for interest-rate cuts later this year. ...

智通财经APP获悉，前欧洲央行行长特里谢在接受采访时直言，美国总统特朗普对美联储的持续抨击， 可能对全球金融体系造成"严重后果"，这种做法正在动摇发达经济体近50年来形成的央行独立性共识。 特里谢还指出，美国在财政与政治层面的"高度脆弱性"正在加剧。他提到，美国长期存在的两党共识 是"不断扩大支出"，这令投资者对为财政赤字和高企的债务占GDP比重融资愈发警惕。 "美国的情况在某种程度上也反映了全球经济的现状。"特里谢说，"无论是公共还是私人部门，当前债 务占GDP的比例，都高于雷曼兄弟倒闭前的水平。市场在面对这些风险时显得过于平静。" 他警告称，如果美联储被迫成为总统的"最听话仆人"，将对全球经济和金融稳定造成"极其破坏性的影 响"。"我们正处在全球经济高度脆弱的阶段，这也是为何美国行政部门与美联储关系被破坏令人极度担 忧。" 与此同时，花旗集团(C.US)也在最新报告中指出，民粹主义政府对央行独立性的冲击风险可能从美国向 外蔓延。随着英国国债和欧洲政府债券的加权平均期限不断缩短，投资者对30年期等长期债券兴趣下 降，各国债务的利息成本对政策利率变动愈发敏感。 花旗认为，这可能在未来加大民粹主义政府向央行施压 ...

Financial Reporting Schedule - Major financial institutions such as Bank of America Corporation, Wells Fargo & Company, and Citigroup Inc. are set to report their earnings pre-market on Wednesday [1] - Following these reports, Morgan Stanley, Goldman Sachs Group Inc., and BlackRock Inc. will release their financial results on Thursday [1] - Next Tuesday, a significant number of reports will be released, with Netflix Inc. being a highlight after market close [1] - The following Wednesday will feature Johnson & Johnson's earnings report pre-market, along with numerous financial and real estate firms [1]

Core Viewpoint - The Chief Financial Officer of Citigroup emphasized the importance of the next Federal Reserve Chair maintaining a commitment to independence [1] Group 1 - The statement highlights the significance of the Federal Reserve's independence in monetary policy decisions [1]

Core Insights - Citigroup reported its Q4 2025 earnings, with non-GAAP earnings per share of $1.81, exceeding market expectations by $0.19, while revenue of $19.87 billion was slightly below expectations by $580 million [1] - The revenue growth was primarily driven by contributions from banking, treasury services, U.S. personal banking, and wealth management, although partially offset by declines in "other" businesses [1] - The bank's credit loss provisions for the quarter were $2.2 billion, driven by net credit losses and additional loan loss reserves due to increased net loan activity [1] Revenue and Earnings Performance - Citigroup's Q4 revenue grew by 2.1% year-over-year, and if excluding special items related to Russia, the actual revenue growth was 8% [1] - The bank's financial advisory fees surged by 84% in Q4, contributing to a more than 50% year-over-year increase in M&A revenue, setting a historical record [2] - The investment banking fees, including debt and equity underwriting and advisory services, grew by over one-third to $1.29 billion, although still below JPMorgan's $2.35 billion [2] Management and Strategic Changes - Under CEO Jane Fraser's leadership, Citigroup has been restructuring its business to enhance competitiveness, including hiring executives from JPMorgan and Bank of America [3] - The bank is focused on cost control and has announced plans to lay off 1,000 employees to meet its human cost targets [3] - Citigroup's fixed income trading revenue reached $3.46 billion, exceeding analyst expectations, while equity trading revenue was $1.08 billion, slightly below expectations [3] Brand and Market Position - Despite recent stock price pressure due to external factors, Citigroup's branded credit card revenue grew by 5% [3] - The wealth management segment, led by an external hire, saw a 7% increase in revenue driven by private banking and Citigold services [3]

Core Viewpoint - Citigroup's stock experienced an increase despite the bank reporting earnings that fell short of expectations, primarily due to a significant loss associated with the planned sale of AO Citibank in Russia [1] Group 1 - Citigroup's earnings miss was attributed to a previously disclosed large loss [1] - The loss is related to the bank's strategy to divest AO Citibank in Russia [1] - The stock price rose despite the earnings miss, indicating market resilience or investor confidence [1]

Citigroup posted an 84% surge in financial advisory fees in the fourth quarter, capping a year in which the firm's revenue from handling mergers rose by more than half to an all-time record. Dani Burger reports on Bloomberg Television. ...

Core Viewpoint - France is considering sending Eutelsat satellite terminals to Iran to assist citizens amid an internet blackout imposed by Iranian authorities to suppress protests [1] Group 1 - The Iranian government has implemented a blackout of internet services as part of efforts to control violent demonstrations [1] - Eutelsat satellite terminals are being evaluated as a potential solution to restore communication for the Iranian populace [1]