Citigroup Inc. (C)

The company now

Citigroup reported third-quarter 2026 net income of $5.2 billion, or $2.85 per diluted share, on 13 October 2026, up from $3.8 billion a year earlier 1. Revenue rose 8 percent to $23.8 billion, which chair and chief executive Jane Fraser called “the best third-quarter revenue in a decade” 1. The year-earlier quarter carried a $726 million goodwill impairment, a write-down tied to selling a stake in its Mexican bank, Banamex 1.

The gain came from the businesses that serve companies and wealthy clients 1. Services, which moves cash and holds securities for multinationals, grew revenue 15 percent to $6.6 billion, and Wealth grew 15 percent to $3.3 billion 1. Markets, the trading arm, grew 6 percent to $6.1 billion, while U.S. Consumer Cards was flat at $4.7 billion as higher payments to card partners and rewards costs offset higher interest income 1.

The open question is Banamex: Citi has sold 49 percent of it and is preparing to take it off its books next year, with a stock market listing after that, Fraser said 4. Finance chief Gonzalo Luchetti said Citi expects to book a currency translation loss of about $9 billion when it does, in early 2027 4. Citi's stated goal is a return on tangible common equity, profit over shareholders' equity less goodwill, of 11 to 13 percent in 2027 and 2028 4.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.