Mark Mason, CEO of Citi Private Bank, speaks during the Global Wealth Management Summit in New York June 17, 2014.The biggest U.S. banks show no sign of capitulating to President Donald Trump's mandate to slash credit card interest rates, setting up a confrontation just as the President is expected to take the world stage next week at Davos.Executives at JPMorgan Chase and Citigroup warned this week that rather than offering cards at a 10% interest rate, as Trump has directed should happen by Jan. 20, the b ...

Key Takeaways C posted Q4 adjusted EPS of $1.81, up 35.1% year over year and ahead of the consensus estimate.C benefited from higher net interest income, lower provisions and a 38% rise in investment banking revenues.C faced rising expenses, weaker capital ratios and a sharp decline in non-interest income.Citigroup Inc. (C) reported fourth-quarter 2025 adjusted net income per share of $1.81, up 35.1% from the year-ago period. The metric also surpassed the Zacks Consensus Estimate by 9.7%.The company's resul ...

Core Viewpoint - The article discusses the expertise and background of John M. Mason, highlighting his extensive experience in finance and economics, which positions him as a knowledgeable commentator on current monetary and financial events [1]. Group 1: Professional Background - John M. Mason is the founder and CEO of New Finance, LLC, with a history of leadership roles in publicly traded financial institutions [1]. - He has served as a special assistant to the secretary of the Department of Housing and Urban Development and as a senior economist within the Federal Reserve System [1]. - Mason has academic experience, having taught at the Wharton School of the University of Pennsylvania and Penn State University [1]. Group 2: Industry Involvement - He has been involved with venture capital funds and private equity funds, indicating a strong connection to investment and entrepreneurial activities [1]. - Mason has worked with young entrepreneurs, particularly in urban environments, focusing on companies related to Information Technology [1].

花旗首席执行官范洁恩（Jane Fraser）周三在致22.6万名员工的备忘录中言辞犀利地提到"门槛已经提高 了"，暗示今年将进一步裁员。 范洁恩写道，"我们不是根据努力程度来评分的，关键是要看结果。我希望看到那些陈旧、恶劣的习惯 彻底消失，期待一个更加自律、更加自信、锐意进取的花旗在2026年脱颖而出。" 花旗集团首席执行官范 洁恩 范洁恩一直敦促员工努力实现盈利目标，为客户提高投资回报率。她还投资了自动化和中后台控制系 统，以解决那些损害公司声誉并引发监管机构愤怒的数据问题。 花旗集团还表示，根据其自身的衡量标准，旨在解决监管问题的项目中，有80%已达到或接近目标状 态。一旦这些项目完成，为满足监管要求而招聘的部分员工可能会被裁减。周一彭博报道称，花旗本周 将裁员约1000人。 "随着时间的推移，我们可以预见自动化、人工智能和进一步的流程简化将重塑工作方式，一些岗位会 发生变化，新的岗位将出现，而另一些岗位将不再被需要，"范洁恩写道。 责任编辑：李桐 花旗首席执行官范洁恩（Jane Fraser）周三在致22.6万名员工的备忘录中言辞犀利地提到"门槛已经提高 了"，暗示今年将进一步裁员。 范洁恩写道，"我 ...

M&A Market Overview - Last year saw merger and acquisition (M&A) deals climb to an almost record high, with a record 70 deals each worth more than $10 billion by the end of 2025, making it the second-biggest year on record after 2021 [4] Company Performance - Citigroup reported an 84% jump in advisory fees during the fourth quarter of 2025, contributing to record revenues for the bank in M&A advisory services [2] - CEO Jane Fraser highlighted significant progress in 2025, stating that investments are driving strong top-line growth across all five business segments [3] Competitive Landscape - Larger competitor JPMorgan Chase experienced only a 6% increase in M&A activity for 2025, indicating that Citigroup and other Wall Street banks are facing increased competition from boutique advisers like Evercore and PJT Partners [4] - The M&A market is currently characterized by a focus on mega deals, with large-cap companies outperforming small caps [5] Transaction Banking Transformation - Transaction banking is gaining strategic importance as its cost structure evolves, moving from legacy systems to technology-enabled services [6] - Citigroup's multiyear investment in data platforms and modernization efforts has led to over 80% of its transformation programs nearing completion, which has reduced operational risk and marginal costs in high-volume businesses [7]

Stocks have moved sharply lower over the course of the trading day on Wednesday, adding to the modest losses posted in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a notable slump.Currently, the major averages are just off their lows of the session. The Nasdaq is down 380.83 points or 1.6 percent at 23,329.04, the S&P 500 is down 74.49 points or 1.1 percent at 6,889.25 and the Dow is down 282.68 points or 0.6 percent at 48,909.31.The weakness o ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Citigroup (NYSE:C) Q4 2025 Earnings call January 14, 2026 11:00 AM ET Company ParticipantsEbraham Poonawalla - Head Managing Director of American Banks ResearchGerard Cassidy - Managing DirectorJen Landis - Head of Investor RelationsMark Mason - CFOJane Fraser - CEOMike Mayo - Managing Director and Head of U.S. Large-Cap Bank ResearchConference Call ParticipantsJohn McDonald - Senior Equity AnalystSaul Martinez - Managing Director and Senior Equity AnalystJim Mitchell - Managing Director and Senior Equity A ...

Financial Data and Key Metrics Changes - The company reported an adjusted EPS of $1.81 and an adjusted ROTCE of 7.7% for Q4 2025, with full-year adjusted net income surpassing $16 billion, reflecting an 180 basis points improvement to 8.8% ROTCE [3][19] - Total revenues for the quarter were up 2%, with adjusted revenues increasing by 8% when excluding the notable item related to Russia [18][19] - Expenses increased by 6% to $13.8 billion, driven by higher compensation, tax charges, and technology expenses [18][22] Business Line Data and Key Metrics Changes - Services revenues increased by 15% in Q4, with net income of $2.2 billion and an ROTCE of 36.1% [26] - Markets revenues were down 1%, with fixed income and equities both experiencing slight declines, but overall, markets delivered a net income of $783 million [29] - Banking revenues surged by 78%, driven by corporate lending and investment banking, with M&A fees up 84% [30][31] - Wealth management revenues grew by 7%, with net income of $338 million and an ROTCE of 10.9% [33] Market Data and Key Metrics Changes - Cross-border transaction value increased by 14%, and assets under custody and administration grew by 24% [26] - The corporate lending wallet was noted to be over $100 billion, with expectations for continued share gains [76] Company Strategy and Development Direction - The company is focused on a multi-year transformation strategy, with over 80% of its programs nearing target states [10][56] - Investments in technology and innovation are prioritized to enhance operational efficiency and client experience [11][72] - The company aims to achieve a ROTCE target of 10%-11% and maintain positive operating leverage [14][38] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the global economic outlook, citing strong capital investment and a healthy consumer environment [12] - The company is well-positioned to support corporate clients, with a focus on maintaining high credit quality [12][24] - Management highlighted the importance of continued investment in the franchise to drive long-term growth [72] Other Important Information - The company repurchased over $13 billion in common shares during the year, with a CET1 ratio of 13.2%, significantly above regulatory requirements [9][25] - The company is nearing the end of its international divestitures, including the sale of its consumer business in Poland and operations in Russia [10] Q&A Session Summary Question: Markets performance and ROTCE - Inquiry about the flat revenues in markets and the relationship between allocated capital and ROTCE [48] - Response highlighted strong full-year performance in markets, with a focus on optimizing RWA and deploying it in high-return areas [50][51] Question: Efficiency ratio target - Clarification sought on the change in efficiency ratio target from below 60% to around 60% [52] - Response indicated that the adjustment allows for continued investment in the business while maintaining expense discipline [52] Question: Transformation progress - Inquiry about the remaining work in transformation and its relation to safety and soundness [55] - Management confirmed significant progress, with a focus on compliance, risk, controls, and data modernization [56][58] Question: Competitive positioning and investment banking - Question regarding the gap between Citi and best-in-class peers in investment banking [69] - Management acknowledged past investments and ongoing efforts to enhance capabilities and competitive positioning [70][72] Question: NII outlook - Inquiry about the improved NII outlook for 2026 [87] - Response indicated that higher loan and deposit volumes contributed to the positive outlook, with expectations for continued growth [88]

Citigroup (NYSE:C) Q4 2025 Earnings call January 14, 2026 11:00 AM ET Speaker0Hello, and welcome to Citi's Fourth Quarter 2025 earnings call. Today's call will be hosted by Jen Landis, Head of Citi Investor Relations. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session. Also, as a reminder, this conference is being recorded today. If you have any objections, please disconnect at this time. Ms. ...