Citigroup Inc.'s (C) decline in fourth-quarter net profit reflects higher expenses, including $1.2 billion pre-tax charge related to the sale of its AO Citibank in Russia.
Excluding the Russia-related notable item, net income was $3.59 billion or $1.81 per share.
Currently, in the premarket session, Citigroup shares are at $117.96, up 1.28 points or $1.31 percent.
The company's profit totaled $2.47 billion, or $1.19 per share, lower than $2.85 billion, or $1.34 per share reported last year.
Analysts on average had expected the company to earn $1.62 per share. Analysts' estimates typically exclude special items.
Fourth-quarter revenue stood at $19.87 billion up 2.1% from last year, driven by growth in Banking, Services, USPB and Wealth. Excluding the Russia-related notable item, revenue was up 8%.
Citigroup's end-of-period deposits were around $1.4 trillion at quarter end, up 9% versus the prior-year period. Citigroup's end-of-period loans were $752 billion at quarter end, up 8% versus the prior-year period.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.