Citi(US:C)2026-01-14 16:00Financial Performance Highlights - The company reported revenues of $85.2 billion, up 6% year-over-year[9], or $86.4 billion excluding notable items, up 7% year-over-year[9] - Net income was $14.3 billion, up 13% year-over-year[9], or $16.1 billion excluding notable items, up 27% year-over-year[9] - Earnings per share (EPS) was $6.99, or $7.97 excluding notable items[9] - The company's Return on Tangible Common Equity (RoTCE) was 7.7%, up 70 bps year-over-year[9], or 8.8% excluding notable items, up 180 bps year-over-year[9] Business Segment Results - Services revenues reached $21.3 billion[11], up 8% year-over-year[32] - Markets revenues totaled $22.0 billion[11], up 11% year-over-year[37] - Banking revenues were $8.2 billion[11], up 32% year-over-year[41] - Wealth revenues amounted to $8.6 billion[11], up 14% year-over-year[46] - U S Personal Banking (USPB) revenues were $21.0 billion[11], up 5% year-over-year[54] Capital and Liquidity - The company's Common Equity Tier 1 (CET1) Capital Ratio was 13.2%, approximately 160 bps above regulatory requirements[9, 27] - The company returned over $17.5 billion to common shareholders, including $13.25 billion in share repurchases[9] Outlook - The company projects Net Interest Income (NII) excluding Markets to grow by 5-6% year-over-year in 2026[67] - The company is targeting an efficiency ratio of approximately 60% and positive operating leverage for 2026[69] - The company is targeting a return of 10-11% in 2026[72]