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Citigroup

New York, NY Founded 1812 Banking & Capital Markets

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Latest analysis

Updated Nov 5, 2026

Citigroup Q3 2026 10-Q: NII surges to $17B on balance sheet growth; Banamex stake sale delivers $2.4B cash; ACL builds $1B on macro outlook shift

Citigroup's Q3 2026 10-Q shows net income of $5.245 billion for the quarter, driven by net interest income of $16.982 billion — up from $14.940 billion in Q3 2025 — as average deposits grew to $1.528 trillion and corporate loans expanded to $401 billion. Total allowance for credit losses rose $1.002 billion from year-end 2025 to $22.375 billion, explicitly attributed to deteriorating macroeconomic outlook, portfolio growth, and the American Airlines co-branded card portfolio acquisition. The Banamex partial IPO (24% equity stake sold to institutional investors) generated $2.4 billion in cash proceeds, with Citi retaining 51% voting control, and a new $30 billion share repurchase program is 23% deployed at quarter-end.

Tone: mixed

Revenue

$85.2B

C 10-K · FY 2025

Revenue FY2024

$81.1B

Founded

1812

Headquarters

New York, NY

Profile

C 10-K Item 1 · Feb 20, 2026

Citigroup is a global diversified financial services holding company operating across banking, markets, wealth management, and consumer banking segments. The firm serves institutional, corporate, and individual clients across multiple geographies through five primary reportable segments. Its transformation program and ongoing divestiture of legacy international franchises are central to its current strategic posture.

Read filing description ↓

Citigroup Inc. is a global financial services institution headquartered in New York, NY. The company operates through five primary business segments: Services, Markets, Banking, Wealth, and US Personal Banking (USPB). Services encompasses treasury and trade solutions and securities services for institutional clients. Markets covers fixed income, equities, and spread products trading and distribution. Banking includes investment banking, corporate lending, and advisory. Wealth serves high-net-worth and ultra-high-net-worth individuals as well as family offices. USPB operates Citi-branded consumer credit cards and retail banking in the United States. The company also maintains an All Other segment that includes legacy franchises being wound down or divested, including its Mexico consumer business (Banamex) and residual Asia consumer operations. Citigroup has been executing a multi-year organizational transformation, including simplification of its legal entity structure and management reporting. Divestitures of non-core international consumer franchises are reflected as reconciling items in consolidated results. Total consolidated revenues for fiscal year 2025 were $85,225 million, up from $80,722 million in 2024.

Primary products

Treasury and trade solutions
Securities services
Fixed income trading and distribution
Equities trading and distribution
Spread products
Investment banking

Business segments

Services Markets Banking Wealth US Personal Banking (USPB) All Other

End markets

Institutional clients Corporate clients High-net-worth individuals Ultra-high-net-worth individuals Family offices US consumer banking customers

Geographies

United States Mexico Asia

Named customers

American Airlines (co-branded card partnership)

Revenue commentary · FY 2025

Total revenues, net of interest expense, increased from $80,722 million in 2024 to $85,225 million in 2025, driven by growth across Services, Markets, Banking, and Wealth segments.

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