Citigroup reports USD 23.8 billion revenue and buys back Citigroup stock

Published on 10/15/2026 at 10:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 8 percent to USD 23.8 billion in Q3 2026. Citigroup stock costs EUR 110.06 on October 15, 2026 at Lang & Schwarz.

Returns improve after quarterly results

Citigroup reported USD 23.8 billion in third-quarter 2026 revenue on October 13, 2026.
Services revenue increased 15 percent in the third quarter of 2026.
Citigroup stock traded at EUR 110.06 at 10:41 a.m. CEST at Lang & Schwarz on October 15, 2026.
Citigroup returned USD 4.1 billion to common shareholders in the third quarter of 2026.

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Citigroup Inc. (ISIN US1729674242) reported USD 23.8 billion in third-quarter 2026 revenue on October 13, 2026, up 8 percent from the prior-year period, according to Citigroup. Net income reached USD 5.2 billion and diluted earnings per share were USD 2.85.

Quarterly results reset the baseline

The result was Citigroup's strongest third-quarter revenue in a decade. Net income rose from USD 3.8 billion in the third quarter of 2025 to USD 5.2 billion in the third quarter of 2026, while diluted earnings per share increased from USD 1.86 to USD 2.85.

The comparison includes a USD 726 million goodwill impairment in the third quarter of 2025 linked to Banamex. Citigroup therefore also reported adjusted comparisons, with third-quarter earnings per share up 27 percent excluding that notable item, according to the company release dated October 13, 2026.

Three dates show the earnings progression

On October 13, 2026, Citigroup reported USD 23.8 billion in third-quarter revenue and USD 5.2 billion in net income. On October 13, 2026, Reuters reported that investment banking revenue increased 9 percent to USD 1.35 billion. On October 14, 2026, Benzinga reported that RBC Capital lowered its target from USD 150.00 to USD 135.00.

What does the 11.5 percent return mean?

Citigroup's return on tangible common equity was 11.5 percent in the third quarter of 2026, while management said it expects full-year RoTCE above 11 percent. The bank also returned USD 4.1 billion to common shareholders, including USD 3.0 billion in share repurchases, according to the earnings release.

The operating picture was uneven beneath the headline result. Services revenue increased 15 percent to USD 6.6 billion, Wealth revenue increased 15 percent to USD 3.3 billion, and Markets revenue increased 6 percent to USD 6.1 billion. U.S. Consumer Cards revenue was unchanged at USD 4.7 billion, while its net income declined 8 percent to USD 851 million.

Risk remains visible in the segments

Credit costs reached USD 2.6 billion in the third quarter of 2026, including a USD 369 million net reserve build. Markets revenue fell 13 percent from the second quarter despite its 6 percent year-over-year increase, showing why the quarterly return target depends on more than trading growth.

Citigroup also reported a preliminary common equity tier 1 ratio of 12.8 percent and tangible book value per share of USD 101.59 at September 30, 2026. Those figures give investors a balance-sheet reference as the bank prepares for the expected Banamex deconsolidation in 2027.

Stock trades during the results aftermath

Citigroup stock was trading at EUR 110.06 at 10:41 a.m. CEST at Lang & Schwarz on October 15, 2026. The quoted euro price provides the German-market view while the results and analyst targets remain stated in their original U.S. dollar currency.

The further course of trading is shown by the continuously updated real-time quote of Citigroup stock.