Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The gap between traditional finance and digital assets just got narrower. Coinbase Global Inc. (NASDAQ:COIN) and Citigroup Inc. (NYSE:C) announced a collaboration last week aimed at making it easier for large institutions to move money using stablecoins and other digital assets—a development that could accelerate crypto’s integration into mainstream finance. For years, institutional investors have faced a ...

Group 1 - The core viewpoint is that AI is creating a phenomenon of "jobless prosperity," which may compel the Federal Reserve to continue lowering interest rates in the coming months [1][2] - AI applications are enhancing productivity while simultaneously suppressing companies' willingness to hire, leading to weak employment data [1][2] - The weak employment and moderate inflation data will provide the Federal Reserve with the space to continue lowering interest rates, which in turn will stimulate companies to increase AI capital expenditures, creating a positive feedback loop [1][2] Group 2 - This new cycle breaks the traditional economic pattern where employment and growth are synchronized, creating a new paradigm of "growth without job creation" [2] - Analysts suggest that a weak job market no longer necessarily indicates an economic recession; instead, it may become a byproduct of productivity enhancement in the AI era [2] - The positive feedback loop involves AI applications boosting productivity, leading to reduced hiring needs, weaker employment data, and subsequent interest rate cuts by the Federal Reserve [2] Group 3 - Citigroup emphasizes that in the AI-driven new economic paradigm, monetary easing and strong economic performance can coexist, with technology investment returns potentially being longer and more stable than before [3] - Despite the Federal Reserve Chairman Powell stating that a rate cut in December is "far from" a foregone conclusion, Citigroup economists believe that weak employment and moderate inflation data will drive the Fed to continue lowering rates in December, January, and March [3] - Analysts highlight that if the U.S. government can reopen soon, the Federal Reserve may need to consider the combined impact of three employment reports, suggesting that the rate cut cycle could be longer and more substantial than market expectations [3]

Financial Performance - Citigroup reported net income of $3.8 billion, or $1.86 per share, for Q3 2025, up from $3.2 billion, or $1.51 per share in the prior-year period, reflecting a 16% increase[33]. - Revenues for Q3 2025 were $22.1 billion, a 9% increase compared to the prior-year period, driven by growth across all five business segments and Legacy Franchises[35]. - The company reported a net income of $3,752 million for Q3 2025, a 16% increase from $3,238 million in Q3 2024[86]. - Earnings per share (EPS) from continuing operations rose to $1.89 in Q3 2025, up 24% from $1.53 in Q3 2024[86]. - Net income for Q3 2025 was $3.75 billion, reflecting a 16% increase compared to $3.24 billion in Q3 2024[96]. - Net income for 2025 YTD reached $4.8 billion, a 5% increase, driven by higher revenues, partially offset by higher provisions[115]. - Net income for 2025 YTD reached $5.1 billion, a 29% increase driven by higher revenues, partially offset by increased expenses[135]. - Net income for 2025 YTD reached $1.6 billion, a 41% increase driven by higher revenues and lower expenses[154]. - For the year-to-date 2025, net income reached $2.3 billion, a 127% increase compared to the same period in 2024[193]. Revenue Growth - Average loans increased to $725 billion, up 6% year-over-year, primarily due to growth in Markets and U.S. Personal Banking[36]. - Average deposits rose to approximately $1.4 trillion, a 5% increase year-over-year, driven by growth in Services[37]. - Total Citigroup net revenues for Q3 2025 were $22.09 billion, a 9% increase from $20.21 billion in Q3 2024[95]. - Non-interest revenue increased by 4% to $7,150 million in Q3 2025, compared to $6,847 million in Q3 2024[86]. - Services revenue increased by 7% to $5.36 billion in Q3 2025, driven by higher net interest income and fee revenue[102]. - Total revenues for the third quarter increased by 15%, reaching $5.6 billion, driven by higher revenues in both Fixed Income and Equity Markets[130]. - Revenues increased by 14%, with Fixed Income Markets and Equity Markets contributing significantly to this growth[135]. - Revenues increased by 21% to $2.164 billion, with Corporate Lending revenues up 26% and Investment Banking revenues up 17%[155][156]. Expenses and Efficiency - Operating expenses were $14.3 billion, a 9% increase, influenced by a notable goodwill impairment of $726 million and higher compensation expenses[38]. - The efficiency ratio improved to 50% in Q3 2025, down from 51% in Q3 2024[101]. - The efficiency ratio improved to 53% from 70% year-over-year, indicating better cost management[141]. - Total operating expenses increased by 4% to $1.654 billion, influenced by higher technology investments and volume-related expenses[171]. - Total operating expenses in Q3 2025 were $2,168 million, compared to $2,077 million in Q3 2024, indicating an increase of approximately 4.4%[201]. - Total operating expenses for the nine months ended September 30, 2025 were $6,668 million, compared to $6,868 million in 2024, a decrease of about 2.9%[201]. Capital and Shareholder Returns - Citi returned approximately $6.1 billion to common shareholders, including $5.0 billion in share repurchases and $1.1 billion in dividends[39]. - As of September 30, 2025, Citi's Common Equity Tier 1 (CET1) Capital ratio was 13.3%, approximately 120 basis points above its regulatory requirement[39]. - Citigroup's common share repurchases increased significantly to $5,000 million in Q3 2025, compared to $1,000 million in Q3 2024, marking a 400% increase[86]. Credit Losses and Provisions - Total provisions for credit losses were $2.5 billion, reflecting net credit losses of $2.2 billion, which was up 2% from the prior-year period[40]. - Provisions in All Other (managed basis) were $331 million, reflecting net credit losses of $297 million, which was up 43% from the prior-year period[76]. - Total provisions for credit losses were $1.8 billion in Q3 2025, reflecting net credit losses of $1.8 billion, down 5% from the previous year[191]. - Provisions for credit losses were $465 million, reflecting a net ACL build of $428 million, primarily due to transfer risk associated with Russia[120]. - Provisions for credit losses were $157 million, reflecting a net ACL build of $148 million and net credit losses of $9 million[152]. - Provisions for credit losses were $30 million, reflecting net credit losses of $56 million and a net ACL release of $26 million[172]. Business Segment Performance - Markets net income increased 46% to $1.6 billion, with revenues of $5.6 billion up 15%, driven by a 12% increase in Fixed Income Markets and a 24% increase in Equity Markets[52][53]. - Banking revenues increased 34% to $2.1 billion, driven by growth in Corporate Lending and Investment Banking, with Investment Banking revenues up 23%[58]. - Wealth revenues increased 8% to $2.2 billion, driven by growth in Citigold and the Private Bank, with net interest income up 8%[63]. - US Personal Banking (USPB) revenues increased 7% to $5.3 billion, driven by growth in Branded Cards and Retail Banking[68]. - All Other (managed basis) revenues decreased 16% to $1.5 billion, driven by lower revenues in Corporate/Other[74]. - TTS revenues increased by 7%, driven by a 14% increase in net interest income, partially offset by a 15% decrease in non-interest revenue[109]. - Securities Services revenues increased by 7%, with a 14% rise in non-interest revenue driven by a mark-to-market gain and a 13% increase in AUC/AUA[110]. - Fixed Income Markets revenues increased by 12%, driven by growth in Rates and Currencies revenues[131]. - Equity Markets revenues rose by 24%, attributed to higher client activity in Equity Derivatives and a 44% increase in prime balances[132]. Transformation and Technology Investments - The company continued to invest in transformation and technology, which contributed to higher performance-related compensation and severance costs[38]. - Citigroup's transformation investments are expected to be significantly higher in 2025 compared to 2024, focusing on data and controls[81]. - Approximately 7 million utilizations of Citi's enterprise-wide Generative AI tools were recorded year-to-date, a threefold increase from the previous quarter[84]. - The company continues to optimize its operations by retiring or replacing 384 applications year-to-date through September 30, 2025[84]. Goodwill Impairment - The company reported a goodwill impairment charge of $726 million in Q3 2025, significantly impacting operating expenses[202].

Key Takeaways Citigroup expanded its private credit reach via alliances with BlackRock, Carlyle and Apollo.These deals enhance Citigroup's access to private credit and alternative investment opportunities. Private bank and wealth revenues rose in the double digits in 2025, lifting profitability prospects. Citigroup Inc. (C) is broadening its presence in the fast-growing private lending sector through a series of high-profile partnerships aimed at diversifying revenues and enhancing client engagement across ...

Group 1 - The FPA Crescent Fund reported a gain of 5.54% in Q3 2025 and 15.32% over the trailing twelve months, with top five performers contributing 6.65% and bottom five detracting 2.58% from the returns [1] - Citigroup Inc. (NYSE:C) showed a one-month return of 6.02% and a 49.30% increase in value over the last 52 weeks, closing at $101.69 per share with a market capitalization of $181.954 billion on November 5, 2025 [2] - Citigroup Inc. has improved its return on tangible equity (ROTE) compared to industry peers, benefiting from a low starting valuation, operational improvements, and a favorable regulatory environment, leading to strong share-price performance [3] Group 2 - Citigroup Inc. was held by 102 hedge fund portfolios at the end of Q2 2025, an increase from 96 in the previous quarter, indicating growing interest among institutional investors [4] - While Citigroup Inc. is recognized for its investment potential, certain AI stocks are suggested to offer greater upside potential and less downside risk [4] - The article also mentions a focus on undervalued large-cap stocks, including Citigroup Inc., as part of investment strategies [5]

Wall Street bank Citi (C) said the latest bout of crypto market weakness comes despite buoyant equity performance, with October’s sharp liquidations leaving a dent in investor confidence. The Oct. 10 sell-off curtailed risk-taking not only among leveraged crypto traders but also among newer spot exchange-traded fund (ETF) investors, who have since pulled back, analysts Alex Saunders and Nathaniel Rupert wrote in a Tuesday report. Flows into U.S. spot bitcoin (BTC) ETFs have slowed sharply in recent weeks ...

Ed Skyler, Citi head of enterprise services and public affairs, joins 'Squawk Box' to discuss Zohran Mamdani's election victory to become the next mayor of New York City, impact on the business community, and more. ...

执掌一家在华深耕百年的金融基业，需要怎样的视野与定力？ 金秋时节，履新不久的花旗集团中国区总裁及花旗银行（中国）行长张文杰接受了证券时报·券商中国的独家 专访，这是他在今年七月重归花旗之后首次接受媒体采访。 作为一名职业生涯始于本土、又纵横外资银行二十载的金融家，张文杰以其独特的双重视角，为花旗的中国故 事开启新章。"这既是一次战略回归，也蕴含着新的思考。"当谈及以新身份重返花旗，张文杰如此定义。尽管 职业生涯初期曾在花旗短暂工作，但过去二十年在多家主流外资银行的经历，让他始终从外部关注着花旗的发 展。 ▲花旗集团中国区总裁及花旗银行（中国）有限公司行长、执行董事 张文杰 履新启程：在回归中开启新航程 证券时报·券商中国记者： 此次以"掌门人"身份重返花旗中国，您个人需要完成的核心转变是什么？ 张文杰： 这既是战略回归，也包含新的思路。虽然我二十年前曾在花旗短暂工作，但此后我一直在主流外资 银行深耕，让我可以长期从外部观察花旗。我十分欣赏花旗对中国的长期承诺、使命和企业文化，这是促使我 回归的重要原因之一。 具体来说，花旗的优势体现在两大业务主线：一是帮助中资企业走向全球，特别是在科技、先进制造、新能源 等新 ...

张文杰：这既是战略回归，也包含新的思路。虽然我二十年前曾在花旗短暂工作，但此后我一直在主流 外资银行深耕，让我可以长期从外部观察花旗。我十分欣赏花旗对中国的长期承诺、使命和企业文化， 这是促使我回归的重要原因之一。 花旗的全球网络始终是其核心竞争力——覆盖180多个市场，在90多个国家拥有本地团队，是市场上最 全球化的银行之一。如果说个人核心转变，就是既要传承花旗在中国的理念与历史，更要回应市场的新 变化。 （原标题：独家｜花旗中国新任"掌门人"，首次发声！） 执掌一家在华深耕百年的金融基业，需要怎样的视野与定力？ 金秋时节，履新不久的花旗集团中国区总裁及花旗银行（中国）行长张文杰接受了证券时报·券商中国 的独家专访，这是他在今年七月重归花旗之后首次接受媒体采访。 作为一名职业生涯始于本土、又纵横外资银行二十载的金融家，张文杰以其独特的双重视角，为花旗的 中国故事开启新章。"这既是一次战略回归，也蕴含着新的思考。"当谈及以新身份重返花旗，张文杰如 此定义。尽管职业生涯初期曾在花旗短暂工作，但过去二十年在多家主流外资银行的经历，让他始终从 外部关注着花旗的发展。 履新启程：在回归中开启新航程 证券时报·券商中国 ...

执掌一家在华深耕百年的金融基业，需要怎样的视野与定力？ 金秋时节，履新不久的花旗集团中国区总裁及花旗银行（中国）行长张文杰接受了证券时报·券商中国的独家专访，这是他在今年七月重归花旗之后首次接受媒体采 访。 作为一名职业生涯始于本土、又纵横外资银行二十载的金融家，张文杰以其独特的双重视角，为花旗的中国故事开启新章。"这既是一次战略回归，也蕴含着新的思 考。"当谈及以新身份重返花旗，张文杰如此定义。尽管职业生涯初期曾在花旗短暂工作，但过去二十年在多家主流外资银行的经历，让他始终从外部关注着花旗的 发展。 ▲花旗集团中国区总裁及花旗银行（中国）有限公司行长、执行董事 张文杰 履新启程：在回归中开启新航程 证券时报·券商中国记者： 此次以"掌门人"身份重返花旗中国，您个人需要完成的核心转变是什么？ 战略破局：在复杂市场中构建确定性 证券时报·券商中国记者： 在花旗全球战略聚焦背景下，中国市场被赋予怎样的核心使命？未来三到五年，您计划将资源押注于哪些关键赛道？ 张文杰： 这既是战略回归，也包含新的思路。虽然我二十年前曾在花旗短暂工作，但此后我一直在主流外资银行深耕，让我可以长期从外部观察花旗。我十分欣赏 花旗对中国的 ...