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Citigroup (C) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 14, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

2.69

Last Year’s EPS

1.96

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 16 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 14, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented material and broad-based operational momentum: double-digit revenue growth firm-wide, particularly strong performance in Services and Markets, improved efficiency, solid capital metrics, and active capital returns. Headline credit reserves, near-term severance and transformation-related costs, lower returns in parts of consumer banking, lingering disallowed DTA, and macro/regulatory uncertainty are notable cautions. Overall, the positives across core businesses, capital returns, and transformation progress outweigh these challenges.

Company Guidance

Citigroup’s 2026 guidance calls for ROTCE of 10%–11% for the year (Q1 ROTCE was 13.1%), NII ex‑Markets up ~5%–6% (backed by mid‑single‑digit loan and deposit growth), NIR ex‑Markets to grow (driven by Services, Banking and Wealth), and an efficiency ratio around 60% (Q1 was 58%, ~400 bps YoY improvement); credit guidance includes a U.S. Cards net charge‑off rate of 4.0%–4.5% and ACLs that will vary with macro and volumes (Q1 firm‑wide net ACL build ~$597m; total reserves ≈$22bn; reserve‑to‑funded‑loans 2.6%; U.S. Cards reserve‑to‑funded‑loans 8%); capital priorities include continued buybacks (Q1 repurchases $6.3bn toward a $20bn plan), a target CET1 near ~12.6% for the year (Q1 CET1 12.7%, ~110 bps above the 11.6% regulatory requirement including a 100 bp buffer), and strong liquidity (average LCR 114%, >$1tn available); all guidance is subject to macro and market conditions and more buyback/capital detail will be provided at Investor Day.

Strong Firm-wide Financial Results

Net income of $5.8 billion, EPS of $3.06, ROTCE of 13.1% for Q1 2026 on $24.6 billion of revenues, with total revenues up 14% year-over-year and positive operating leverage across the firm.

Services (Treasury & Securities) Outperformance

Services revenues up 17% YoY; new client mandates up 40%; cross-border transaction value up 12%; deposits up 16%; assets under custody and administration up ~21%; net income $2.2 billion and ROTCE 27%.

Markets Momentum — Best Quarter in a Decade

Markets revenues up 19% YoY; Equities revenues up ~39% (surpassing $2 billion), Fixed Income (FICC) up 13% with commodities and FX strength; Markets net income $2.6 billion and ROTCE 18.7%.

Banking Fee Growth and M&A Strength

Banking revenues up 15% YoY; M&A fees up 19% and ECM fees up 64% (strong ECM and sponsor share gain); Banking ROTCE 15.8% despite some DCM weakness.

Wealth: Consistent Revenue and Asset Growth

Wealth revenues up 11% YoY; NII up 14%; client investment assets up 14%; net new investment asset flows ~$15 billion in the quarter (~$43 billion LTM, ~7% organic growth); net income $432 million and ROTCE 10.8%.

U.S. Consumer Cards Profitability and Portfolio Quality

U.S. Cards revenues up 4% with spend up ~5%; general purpose card acquisitions up 12%, spend volume up 6%; net credit losses declined 11%; segment net income $732 million and ROTCE 19.2%.

Capital Strength and Shareholder Returns

CET1 ratio of 12.7% (≈110 bps above regulatory requirement); tangible book value up 8% YoY; executed $6.3 billion of share repurchases in the quarter (progress toward $20 billion plan).

Improved Efficiency Metrics

Expenses of $14.3 billion were up 7% YoY, but the efficiency ratio improved to 58% (≈400 bps improvement year-over-year), reflecting revenue leverage and lower transformation spend.

Balance Sheet and Liquidity

Total assets $2.8 trillion (up 5% sequentially); deposit base $1.4 trillion (up 3%); average LCR 114% and over $1 trillion of available liquidity resources.

Transformation Progress and Technology Investment

~90% of transformation programs at or near target state with reduced transformation spend; the firm is scaling AI and modernization initiatives with the stated aim of further productivity and defensive improvements.

Citigroup (C) Earnings, Revenues Date & History

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C Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 14, 2026	2026 (Q2)	2.69 / -	1.96	―	―	―
Apr 14, 2026	2026 (Q1)	2.65 / 3.06	1.96	56.12% (+1.10)
Jan 14, 2026	2025 (Q4)	1.65 / 1.19	1.34	-11.19% (-0.15)
Oct 14, 2025	2025 (Q3)	1.73 / 1.86	1.51	23.18% (+0.35)
Jul 15, 2025	2025 (Q2)	1.66 / 1.96	1.52	28.95% (+0.44)
Apr 15, 2025	2025 (Q1)	1.85 / 1.96	1.58	24.05% (+0.38)
Jan 15, 2025	2024 (Q4)	1.22 / 1.34	-1.16	215.52% (+2.50)
Oct 15, 2024	2024 (Q3)	1.31 / 1.51	1.63	-7.36% (-0.12)
Jul 12, 2024	2024 (Q2)	1.40 / 1.52	1.33	14.29% (+0.19)
Apr 12, 2024	2024 (Q1)	1.18 / 1.58	2.19	-27.85% (-0.61)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

C Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 14, 2026	$125.69	$128.97	+2.61%
Jan 14, 2026	$115.15	$111.30	-3.35%
Oct 14, 2025	$94.59	$98.27	+3.89%
Jul 15, 2025	$85.56	$88.71	+3.68%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.