Big banks delivered earnings this week. Our experts weigh in on the results, the stocks, and the outlook for banking.
Citigroup financial improvements and efficiency gains are expected to drive the 2026 EPS to $10, up 25% from 2025. The large bank reported modest Q4 revenue growth (2.1%) and an EPS beat, but ROTCE remains below peers, with a plan to exceed 10% by 2026. Citigroup's capital returns are robust, with $17.5B returned to shareholders in 2025 and a CET1 ratio of 13.2%, supporting continued large buybacks and dividends.
U.S. banks including JPMorgan Chase and Citigroup showed no signs of capitulation to President Donald Trump's mandate of a 10% cap on credit card interest rates. Five days after the original threat, bankers and their lobbyists told CNBC that they have yet to receive any formal or written guidance from the Trump administration about the policy.
C tops Q4 earnings on strong Y/Y NII growth, but higher expenses and a weak capital position pushed the stock down nearly 4% early.
Last year saw merger and acquisition (M&A) deals climb to an almost record high. That, in turn, led to record revenues for Citigroup, according to fourth-quarter 2025 earnings results reported by the bank Wednesday (Jan. 14).
Citigroup Inc (NYSE:C) shares fell more than 3% on Tuesday after the bank reported fourth quarter 2025 revenue that fell short of expectations, weighed down by lower non-interest income and a $1.2 billion pre-tax loss from its planned exit from Russia. The bank posted net income of $2.5 billion, or $1.19 per diluted share, on revenue of $19.9 billion, missing analysts' revenue estimate of $20.5 billion.
Citigroup's stock rose, as the bank's earnings miss was due to a previously disclosed large loss related to plans to sell AO Citibank in Russia.
Citigroup reports earnings before the bell Wednesday. Wall Street expects earnings per share of $1.67 and revenue of $20.72 billion, according to LSEG.
Citigroup Inc. C is preparing to cut about 1,000 jobs this week, according to Bloomberg News, published on MSN News. The move aligns with a broader restructuring plan announced in January 2024 that targets nearly 20,000 job cuts, or about 8% of the global workforce, by 2026.
Citigroup plans to cut 1,000 jobs this week as part of a restructuring plan announced two years ago, Bloomberg reported Monday (Jan. 12), citing unnamed sources.
Citigroup is set to cut about 1,000 jobs this week, a source familiar with the matter told Reuters on Monday, as part of a plan announced two years ago to reduce the workforce by 20,000 by the end of this year.
C's Q4 results will likely reflect higher revenues as NII and deal-making rebound, yet high costs and deteriorating asset quality might weigh on investor sentiment.