Citigroup Past Earnings Performance
Past criteria checks 3/6
Citigroup's earnings have been declining at an average annual rate of -12.2%, while the Banks industry saw earnings growing at 2.8% annually. Revenues have been growing at an average rate of 0.5% per year. Citigroup's return on equity is 7.7%, and it has net margins of 18.7%.
Key information
-12.17%
Earnings growth rate
-9.38%
EPS growth rate
| Banks Industry Growth | 11.18% |
| Revenue growth rate | 0.52% |
| Return on equity | 7.66% |
| Net Margin | 18.67% |
| Next Earnings Update | 14 Jul 2026 |
Recent past performance updates
Recent updates
Seeking Alpha • May 15
Citigroup: Not Only Adopting AI But Also Generating Returns
Summary Citigroup has leveraged AI-driven productivity and modernization to outperform peer JPMorgan and the S&P 500 Information Technology sector, warranting a valuation re-rating. AI initiatives have delivered measurable efficiency gains—freeing up 100,000 developer hours weekly and accelerating legacy code remapping—supporting faster customer acquisition and cost reduction. The rapid digital transformation has improved profitability and ROE, with a 16% price target upside to $144 justified by both operational gains and prudent risk assessment. Risks include execution challenges, replicability of AI advantages by peers, regulatory constraints, and heightened investor expectations following a strong rally. Read the full article on Seeking Alpha
Narrative Update • Apr 29
C: AI Wealth Tools And Capital Actions Will Shape Balanced Outlook
Analysts have revised their price target on Citigroup to $142.50 from $132.18, citing updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Citi Wealth introduced Citi Sky, an always on AI powered tool built with Google Cloud and Google DeepMind technology.Narrative Update • Apr 14
C: Banamex Stake Sales And Capital Actions Will Shape Balanced Outlook
Analysts have adjusted their price target for Citigroup slightly lower to reflect a fair value move from about $134.32 to $132.18. They tie this to updated assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations.
New Narrative • Apr 13
Citigroup Inc. (C): The "Restructuring Redemption" and the Q1 2026 Proof of Concept
Citigroup Inc. (C) entered the week of April 13, 2026 , as one of the most watched entities on Wall Street, with shares trading near $128.50 USD.
Narrative Update • Mar 31
C: Capital Actions And European Expansion Will Shape Future Earnings Quality
Analysts have trimmed their average price target on Citigroup to about $112.86 from roughly $114.04, reflecting updated assumptions for revenue growth, profit margins and future P/E multiples. What's in the News Citi has signed a long term lease for office space in The Rock, a new office building in Luxembourg’s Cloche d’Or district.Narrative Update • Mar 17
C: Banamex Stake Sale And Capital Actions Will Drive Future Upside
Analysts have raised their price target on Citigroup from $116.00 to about $134.32, citing updated assumptions that include different revenue growth, profit margin, future P/E expectations, and an adjusted discount rate. What's in the News Citi signed a long term lease for premium office space in The Rock, a new 9,492 m² office development in Luxembourg’s Cloche d’Or district.Narrative Update • Mar 02
C: Capital Actions And Consumer Restructuring Will Shape Future Earnings Quality
Analysts have nudged their Citigroup price target slightly lower to about $114.04 from roughly $114.36, reflecting updated views on growth, profitability, discount rates and future P/E assumptions. What's in the News Citigroup Global Markets Inc.
Narrative Update • Feb 16
C: Future Capital Restructuring And Buybacks Will Support A Higher Share Price
Analysts have lifted their fair value estimate for Citigroup from $102.80 to $150.00, citing updated assumptions for revenue growth of 10.00%, a profit margin of 22.61%, a discount rate of 8.05% and a forward P/E of 11.88x. What's in the News Citigroup Inc.Narrative Update • Feb 02
C: Future Buybacks And Consumer Restructuring Will Shape Earnings Quality
Analysts have nudged their price target on Citigroup higher to about $114 from roughly $112, citing updated assumptions around slightly stronger revenue growth, a modestly higher profit margin profile, a lower discount rate, and a somewhat higher future P/E multiple. What's in the News Citigroup repurchased 53,855,104 shares from October 1, 2025 to December 31, 2025, representing 3.01% of shares for US$5,600m.Narrative Update • Jan 19
C: Future Buybacks And Impairment Charges Will Shape Earnings Quality
Analysts have lifted their fair value estimate for Citigroup from about US$95.74 to around US$111.68, citing updated assumptions for revenue growth, profit margin, and a lower future P/E multiple as key drivers of the change. What's in the News Citi is considering additional stake sales in its Mexican retail banking unit Banamex, after closing the sale of a 25% stake to Mexican investor Fernando Chico Pardo in mid December, while continuing preparations for a public sale of its remaining shares (Key Developments).Narrative Update • Jan 05
C: Future Reorganization And Goodwill Charges Will Undermine Earnings Quality
Analysts have raised their price target on Citigroup to around $96 from about $76, citing updated assumptions that include a higher discount rate, a slightly lower revenue growth outlook, a higher profit margin, and a modestly lower expected future P/E multiple. What's in the News Citi created a new 6.625% Fixed Rate Reset Noncumulative Preferred Stock, Series HH, by filing a Certificate of Designations in Delaware.Narrative Update • Dec 14
C: Business Reorganization And Digital Initiatives Will Shape Balanced Future Returns
Analysts have modestly raised their price target on Citigroup, increasing their fair value estimate from 114.33 dollars to 116.00 dollars. This reflects slightly stronger expectations for revenue growth, profit margins, and future valuation multiples.Narrative Update • Nov 30
C: Corporate Restructuring And Buybacks Will Shape Returns Amid Margin Pressure
Citigroup's analyst price target has been modestly revised upward from $114.10 to $114.33, as analysts reassess key financial metrics and near-term earnings expectations. What's in the News Citi will integrate its Retail Bank into the Wealth business, consolidating relationship tiers under Kate Luft.Narrative Update • Nov 16
C: Share Buyback Momentum And Digital Payments Expansion Will Drive Upside
Citigroup's analyst price target has been raised slightly from $113.38 to $114.10. This reflects analysts' optimism based on marginal improvements in profit outlook and revenue growth forecasts.Narrative Update • Nov 01
C: Digital Asset Expansion Will Drive New Revenue Streams Ahead
Analysts have slightly increased their price target for Citigroup from $112.93 to $113.38. This reflects modest improvements in revenue growth and profitability forecasts.Narrative Update • Oct 18
Digital Transformation And Cross-Border Trade Will Unlock Opportunity
Citigroup's analyst price target has risen from $108.50 to $112.93. Analysts cite improved profit margin projections and a more favorable future P/E ratio as key drivers of this upward revision.Narrative Update • Oct 04
Digital Transformation And Cross-Border Trade Will Unlock Opportunity
Citigroup's analyst price target has been raised from $103.17 to $108.50. Analysts cite slightly improved revenue growth expectations, stable profit margins, and a modestly lower discount rate as key factors supporting the upward revision.Narrative Update • Sep 17
Digital Transformation And Cross-Border Trade Will Unlock Opportunity
Citigroup's consensus price target saw a slight increase to $103.17, as analysts maintained stable future P/E and revenue growth forecasts. What's in the News Citigroup and Banco de Chile extended multiple key agreements, including the Cooperation, Global Connectivity, Trademark License, and Master Services Agreements, until at least 2028, with automatic and discretionary renewal provisions.Analysis Article • Aug 01
Citigroup (NYSE:C) Will Pay A Larger Dividend Than Last Year At $0.60
The board of Citigroup Inc. ( NYSE:C ) has announced that it will be increasing its dividend by 7.1% on the 22nd of...
New Narrative • Jul 21
Pole position to benefit from GENIUS Act
The passing of the GENIUS Act establishes a clear regulatory framework for stablecoins, allowing banks like Citi to issue their own stablecoins;Analysis Article • Jul 18
Citigroup (NYSE:C) Will Pay A Larger Dividend Than Last Year At $0.60
Citigroup Inc. ( NYSE:C ) will increase its dividend on the 22nd of August to $0.60, which is 7.1% higher than last...Seeking Alpha • Apr 20
Citigroup: CCAR Is A Potential Game Changer In June 2025
Summary Citigroup's shares are undervalued at ~0.7x tangible book value, making buybacks highly attractive, especially with a projected RoTCE of 10%-11% by 2026. Citi's ability to execute buybacks is constrained by its CET1 ratio, but potential reductions in the SCB could unlock significant capital for buybacks. Long-term capital ratio targets may decrease to 11.5%-12%, driven by asset shedding, regulatory changes, and strategic pivots to stable businesses. The June 2025 CCAR results are a key catalyst; positive outcomes could trigger significant buybacks and a rapid share price increase. Read the full article on Seeking AlphaNew Narrative • Apr 08
Transformation And Technology Will Empower Banking And Wealth
Technology investments and transformation initiatives aim to boost efficiency and revenue, enhancing operating leverage and profitability.Seeking Alpha • Apr 01
Citigroup: A Stable And Consistent Financial Stock For Every Portfolio
Summary Citigroup's (C) cost-cutting measures, technology modernization, and strategic exits have led to tangible improvements, positioning it as a "buy" despite macroeconomic challenges. C's strong CET1 and PCR metrics, along with a conservative loan-to-deposit ratio, indicate financial stability and resilience compared to competitors. Trading at a forward P/E of 9.3x, C is reasonably priced with potential for a rally to $80, supported by technical indicators. Risks include adjusted ROTCE expectations due to increased tech investments, but overall, C's strategic moves and financial health justify a "buy" stance. Read the full article on Seeking AlphaSeeking Alpha • Mar 12
The Recent Panic Provides An Opportunity To Buy Citigroup
Summary Citigroup stock is undervalued, trading at 75.5% of its tangible book value, presenting a strong buying opportunity amid recent market volatility. Despite subpar historical returns, Citigroup's strategic focus on high-margin businesses and a $20B stock buyback program should drive significant EPS and tangible book value growth. Simplification efforts, including selling non-core operations and investing in technology, position Citigroup to achieve a 10-11% ROTCE and improve profitability. With a robust CET1 Capital ratio and potential for 35% returns in 12-24 months, Citigroup is poised for revaluation towards its intrinsic value of $90 per share. Read the full article on Seeking AlphaSeeking Alpha • Feb 25
Citigroup: Reiterating Buy Despite Buffett Selling
Summary Citigroup has been the best-performing money center bank YTD, despite recent drops, driven by strong net income growth and an announced repurchase plan of $20 billion. Warren Buffett reduced his C stock position significantly, reflecting broader diversification away from banks in Berkshire's strategy, but the market had no reaction. Despite technological investment pressures, the Company's shares remain undervalued, presenting a significant opportunity if the restructuring plan succeeds. Read the full article on Seeking AlphaSeeking Alpha • Jan 18
Citigroup's TTS Remains Its Crown Jewel - Recovery In Progress
Summary C is inherently undervalued to its book value, presenting dual-pronged returns for opportunistic investors, driven by the ongoing restructuring and the crown jewel TTS. The bank's turnaround is evident with a robust top/ bottom-line growth across most segments, aside from the near-term challenges from the USPB segment. C has reported an improving efficiency ratio while reiterating a promising FY2026 RoTCE target, signaling potential outperformance over the next two years. The management's ambitious $20B in share repurchase program also underscore the management's confidence of delivering improved bottom-lines ahead. Even so, with C now retesting its all-time heights, we urge interested investors to watch the price movements for a little longer for an improved margin of safety. Read the full article on Seeking AlphaSeeking Alpha • Jan 11
Citigroup: Buying The Dip Post Jobs Report
Summary The sell-off in financials is unwarranted; strong labor market and steepening yield curve are positive for banks, especially Citigroup. Citigroup's strategic transformation under CEO Jane Fraser is reshaping the bank, focusing on high-quality businesses and modernizing operations. Expecting stellar earnings for Citi in Q4-2024, driven by strong investment banking fees, equities trading momentum, and cost management. Deregulation and macro tailwinds support Citi's growth, with potential for significant value compounding and increased returns in the coming years. Citi is on a trajectory to a three digit share price. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Citigroup makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 78,734 | 14,697 | 45,543 | 0 |
| 31 Dec 25 | 75,716 | 13,024 | 44,709 | 0 |
| 30 Sep 25 | 75,134 | 13,437 | 44,464 | 0 |
| 30 Jun 25 | 73,075 | 12,904 | 43,994 | 0 |
| 31 Mar 25 | 71,335 | 12,164 | 43,129 | 0 |
| 31 Dec 24 | 70,946 | 11,460 | 43,144 | 0 |
| 30 Sep 24 | 69,007 | 6,700 | 44,766 | 0 |
| 30 Jun 24 | 69,556 | 6,952 | 44,680 | 0 |
| 31 Mar 24 | 69,624 | 6,603 | 44,881 | 0 |
| 31 Dec 23 | 70,304 | 7,851 | 44,317 | 0 |
| 30 Sep 23 | 71,960 | 12,301 | 41,872 | 0 |
| 30 Jun 23 | 70,804 | 12,322 | 41,102 | 0 |
| 31 Mar 23 | 71,359 | 14,223 | 40,022 | 0 |
| 31 Dec 22 | 70,560 | 13,931 | 41,599 | 0 |
| 30 Sep 22 | 71,142 | 14,602 | 39,392 | 0 |
| 30 Jun 22 | 71,611 | 15,776 | 38,555 | 0 |
| 31 Mar 22 | 72,761 | 17,169 | 37,757 | 0 |
| 31 Dec 21 | 74,990 | 20,751 | 36,766 | 0 |
| 30 Sep 21 | 77,494 | 21,840 | 34,843 | 0 |
| 30 Jun 21 | 74,773 | 20,338 | 34,125 | 0 |
| 31 Mar 21 | 66,381 | 15,243 | 33,576 | 0 |
| 31 Dec 20 | 59,572 | 9,899 | 33,147 | 0 |
| 30 Sep 20 | 56,513 | 10,539 | 32,670 | 0 |
| 30 Jun 20 | 58,107 | 12,335 | 32,441 | 0 |
| 31 Mar 20 | 63,784 | 16,026 | 32,323 | 0 |
| 31 Dec 19 | 66,849 | 18,175 | 32,354 | 0 |
| 30 Sep 19 | 65,087 | 17,480 | 31,858 | 0 |
| 30 Jun 19 | 65,058 | 17,142 | 31,856 | 0 |
| 31 Mar 19 | 65,063 | 16,756 | 31,978 | 0 |
| 31 Dec 18 | 65,500 | 16,679 | 32,216 | 0 |
| 30 Sep 18 | 66,045 | -6,264 | 32,511 | 0 |
| 30 Jun 18 | 65,835 | -6,760 | 32,536 | 0 |
| 31 Mar 18 | 65,650 | -7,375 | 32,500 | 0 |
| 31 Dec 17 | 65,272 | -7,937 | 32,151 | 0 |
| 30 Sep 17 | 64,738 | 14,254 | 32,175 | 0 |
| 30 Jun 17 | 64,479 | 14,034 | 32,006 | 0 |
| 31 Mar 17 | 64,148 | 14,197 | 31,773 | 0 |
| 31 Dec 16 | 64,048 | 13,698 | 31,845 | 0 |
| 30 Sep 16 | 64,041 | 13,565 | 32,354 | 0 |
| 30 Jun 16 | 65,137 | 14,043 | 32,492 | 0 |
| 31 Mar 16 | 66,934 | 14,971 | 32,800 | 0 |
| 31 Dec 15 | 69,246 | 16,303 | 32,775 | 0 |
| 30 Sep 15 | 69,064 | 13,413 | 33,250 | 0 |
| 30 Jun 15 | 70,068 | 12,027 | 34,178 | 0 |
Quality Earnings: C has high quality earnings.
Growing Profit Margin: C's current net profit margins (18.7%) are higher than last year (17.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: C's earnings have declined by 12.2% per year over the past 5 years.
Accelerating Growth: C's earnings growth over the past year (20.8%) exceeds its 5-year average (-12.2% per year).
Earnings vs Industry: C earnings growth over the past year (20.8%) did not outperform the Banks industry 22.8%.
Return on Equity
High ROE: C's Return on Equity (7.7%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/20 17:09 |
| End of Day Share Price | 2026/05/20 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Citigroup Inc. is covered by 49 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Jason Goldberg | Barclays |
| Jason Goldberg | Barclays |