Citigroup (C) reported fourth quarter net income of $2.9 billion, compared to a net loss of $1.8 billion in the prior-year period, primarily driven by the higher revenues, lower expenses and lower cost of credit. Profit per share was $1.34 compared to a loss of $1.16 per share, primarily reflecting the higher net income. The company noted that, excluding notable items, earnings per share would have been $0.84 in the prior-year period. Analysts on average expected the company to report profit per share of $1.24, for the quarter. Analysts' estimates typically exclude special items.
Fourth quarter revenues were $19.6 billion compared to $17.4 billion, last year. Total Citigroup revenues - excluding divestiture-related impacts was $19.58 billion, up 12%. Analysts on average had estimated $19.51 billion in revenue. Revenues increased 12%, on a reported basis, driven by growth in each of Citi's businesses and the smaller impact from the currency devaluation in Argentina, partially offset by a decline in All Other. Excluding the impact of the Argentina currency devaluation and divestiture-related impacts in both periods, revenues were up 7%.
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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.