$C · CITIGROUP INC

Citigroup reported Q3 2026 net income of $5.2 billion ($2.85 per diluted share) on revenues of $23.8 billion, up 8% year-over-year. EPS rose 53% on a reported basis and 27% excluding a prior-year goodwill impairment notable item. The company returned $4.1 billion to common shareholders through repurchases and dividends, maintained a CET1 ratio of 12.8%, and posted tangible book value per share of $101.59.

Stock is down 1.44% on the day at $130.02 despite the strong headline beat, suggesting either expectations were higher or the QoQ revenue decline (-4%) and net ACL build ($333M vs $102M in Q2) are weighing on sentiment.

Citi delivered its best Q3 revenue in a decade with 53% reported EPS growth and $4.1B in capital returns, yet the stock fell — signaling the market may be pricing in peak earnings or credit cycle risk

Citi's 8% revenue growth and 53% reported EPS jump align with a strong quarter for large U.S. banks, with Services (+15%) and Equities (+14%) showing particular momentum. The 12.8% CET1 ratio provides ample capital buffer for the $4.1B in shareholder returns.

Net ACL build of $333 million driven by changes in macroeconomic outlook and portfolio growth; provision for credit losses rose to $2.6 billion. CET1 ratio flat at 12.8% despite capital returns, and Supplementary Leverage ratio declined to 5.0% from 5.2% QoQ.