Core Insights - Citigroup Inc. reported Q4 2025 results with an earnings per share of $1.81, surpassing the consensus estimate of $1.67, driven by a significant recovery in dealmaking and corporate client activity [2][3] Financial Performance - Investment banking fees surged by 35% year-over-year to $1.29 billion, contributing to the earnings beat [3] - Revenue from the banking unit increased by 78% to $2.20 billion, reflecting renewed corporate confidence and a favorable regulatory environment [3] - Markets revenue fell by 1% in the quarter to $4.54 billion, but full-year Markets revenue grew by 11%, driven by volatility-driven client activity and over 50% growth in prime balances [4] - Net interest income rose by 14% during the quarter, helping to offset a 6% increase in expenses [4] Strategic Developments - Citigroup is focused on streamlining its operations, including the sale of its Russian unit at a pre-tax loss of $1.20 billion, marking its exit from Banamex [5] - The company aims to close the valuation gap with peers through regulatory progress and cost discipline [5] - Citigroup offers a range of financial services, emphasizing simplification, efficiency, and sustainable returns [6]