Strong Revenue and Net Income Growth
Citi reported a net income of $4 billion and earnings per share of $1.96, with revenues up 8% year-over-year. Three out of five businesses achieved record second quarter revenues.
Record Performance in Markets and Banking
Markets revenues increased by 16%, and Banking revenues were up 18%, with Citi involved in significant transactions such as advising Boeing and Nippon Steel.
Services Segment Excellence
The Services segment delivered a 23% ROTCE, with revenues up 8% and significant growth in loans and deposits.
Wealth Management Growth
Wealth revenues increased by 20%, with a pretax margin of 29% and noninterest revenue up 17%.
Successful Capital Return to Shareholders
Citi returned over $3 billion in capital to shareholders, including $2 billion in share repurchases, and announced an increased dividend of $0.60 per share.
Positive Outlook for Full Year 2025
Citi expects to be at the higher end of its full-year revenue range, around $84 billion, with continued share repurchases.