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Citigroup Q4 results come in ahead of expectations
(Sharecast News) - US banking giant Citigroup posted fourth quarter results that came in ahead of expectations on Wednesday, aided by stronger interest income and lower‑than‑forecast provisions for bad loans. Citigroup turned in adjusted earnings of $1.81 per share, beating the $1.67 expected on the Street, while adjusted revenuse rose to $21bn, ahead of consensus estimates of $20.72bn.
Headline net income fell 13% year on year to $2.47bn, or $1.19 per share, after a $1.1bn after‑tax charge linked to the planned sale of its Russian operations. However, excluding that item, profits totalled $3.6bn.
Citigroup said revenues excluding the Russia‑related charge rose 8% to $21bn, supported by growth across banking, wealth and institutional services. Net interest income jumped 14% to $15.67bn, around $815m above market estimates.
It also noted that loan‑loss provisions came in at $2.2bn for the quarter, roughly $330m lower than analysts had expected.
"With record revenues and positive operating leverage for each of our five businesses, 2025 was a year of significant progress as we demonstrated that the investments we are making are driving strong top-line growth," said chief executive Jane Fraser. "We enter 2026 with visible momentum across the firm."
Reporting by Iain Gilbert at Sharecast.com
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