Citigroup Inc. (C) reported that its fourth-quarter net loss was $7.58 billion, compared to a loss of $17.26 billion in the same quarter last year.
Net loss available to common shareholders was $7.77 billion, compared to a loss of $18.16 billion in the prior year quarter. On a per share basis, net loss was $0.33, compared to a loss of $3.40 in the year ago quarter. Excluding the $6.2 billion after-tax loss associated with TARP repayment and exiting the loss-sharing agreement, the latest quarter net loss was $1.4 billion or $0.06 per share.
Total Citigroup loss from Continuing Operations was $7.74 billion or $0.34 per share, compared to a loss of $20.99 billion or $4.04 per share a year ago.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.33 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter were $5.41 billion, down from $5.65 billion in the prior year quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.