$C · CITIGROUP INC
Citigroup's Q3 2026 Form 10-Q reports net income of $5.245B ($2.85 diluted EPS), up 40% from $3.752B ($1.86) a year earlier. Revenue rose 8% to $23.845B, driven by 14% NII growth to $16.982B, while non-interest revenue fell 4% to $6.863B. Operating expenses declined 2% to $13.952B, and the company returned $4.1B to common shareholders via $3.0B in buybacks and $1.1B in dividends. CET1 capital ratio was 12.8%, about 120bps above the regulatory requirement.
- Net income rose 40% YoY to $5.245B; diluted EPS $2.85 vs $1.86.
- Revenue up 8% to $23.845B; NII up 14% to $16.982B.
- Operating expenses fell 2% to $13.952B.
- Returned $4.1B to common shareholders: $3.0B buybacks, $1.1B dividends.
- CET1 ratio 12.8%, ~120bps above regulatory requirement.
Shares fell 5.02% in the regular session to $118.48, with extended-hours trading at $118.31 (-0.14% vs close), suggesting the strong results were already priced in or overshadowed by broader concerns.
Citi delivered its strongest YoY earnings growth in recent quarters, but the stock's 5% drop suggests investors are focused on forward risks rather than the beat.
Citi's 8% revenue growth and 40% earnings jump reflect a favorable rate environment for large banks, with NII up 14%.
Citi's multiyear transformation, including remediating 2020 FRB/OCC consent orders, is described as "not linear" and remains a key execution risk.