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<Results> Citigroup (C.US) 1Q26 Profit and Revenue Beat; Transformation Plan Nears Target
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Citigroup (C.US) reported that net profit for 1Q26 rose 42% YoY to USD5.79 billion, with EPS at USD3.06, exceeding market expectations of USD2.65. Revenue reached USD24.63 billion, also beating the forecast of USD23.55 billion. During the quarter, revenue from the fixed income division increased 13% to USD5.2 billion. Equity business revenue surged 39% to USD2.1 billion, both surpassing market expectations. Return on tangible common equity was 13.1%, the highest level since 2021 and above the companys 10% to 11% target range. Chief Executive Officer Jane Fraser said the bank has entered the final stage of asset divestitures, with 90% of its transformation plan either completed or close to target. (sw/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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