Citi: Q3 profit up 40 per cent to US$5.25 billion, exceeding expectations

Fraser: We will exceed the shareholder remuneration target in 2026

(Il Sole 24 Ore Radiocor) - Citi closed the third quarter of 2026 with a net profit of $5.25 billion, up 40 per cent on the same period last year. Earnings per share were $2.85, compared with the $2.66 forecast by the market consensus. Revenue rose by 8% to $23.85 billion, compared with the $23.72 billion expected by analysts. Last year’s figures had been impacted by a $726 million goodwill impairment charge. “Our performance this quarter – which includes the strongest third-quarter revenue in the last 10 years, positive operating leverage and significant improvements in returns – reflects the continued, disciplined and consistent execution of our strategy,” commented Chief Executive Jane Fraser. “We have returned over $4 billion to shareholders whilst continuing to invest in growth and prepare for a future driven by artificial intelligence,” she added. “We expect to exceed our shareholder return targets for this year, whilst bringing forward investments in line with our short-term profitability target of 11–13 per cent, the next step on the path towards sustainable returns of 14–15 per cent.”

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