Citigroup

In the third quarter Citigroup’s revenues rose by nearly 8 percent to $23.85 billion, and net income grew by more than a third to $5.2 billion. Strong trading in bonds, currencies and commodities, along with a healthy equities business, offset weak M&A activity. The results topped market expectations despite concerns about rising interest rates and a short-term stock backlash; Citigroup appears more resilient than some rivals. » Mere på finanzen.net

Citigroup will present results for the quarter ended 30.09.2026 on 13.10.2026. Eighteen analysts on average expect EPS of $2.65 (prior year $1.86), while 14 analysts forecast a revenue decline of around 45.95% to an average of $23.72 billion (prior year $43.88 billion). For the fiscal year, consensus estimates are EPS of $11.19 and revenue of $95.97 billion versus $6.99 and $169.16 billion in the prior year. » Mere på finanzen.net

Citigroup has redistributed its DroneShield shares within the group via securities lending and regular trading between different Citi entities, causing the group to fall below the major shareholder reporting threshold. The reallocations do not change control over DroneShield and, according to filings, do not indicate a strategic shift. The stock fell about 4.14% in Sydney to 1.62 AUD. Analysts are mostly neutral (consensus: Hold) with a median price target of around 2.01 AUD. » Mere på finanzen.net

Citigroup expects a return on tangible common equity (ROTCE) of more than 11% for 2026, raising its previous range. The bank repurchased $10.3 billion of stock in H1 2026 and approved a new $30 billion buyback program. Services, wealth and cards recorded strong growth; net interest income growth (excluding capital markets) is expected to be 5–6% for 2026. Its stake in Banamex is 51% with planned deconsolidation in early 2027, and the cost-income ratio is expected to be slightly below 60% in 2026. » Mere på de.investing.com

The AI firm Anthropic has reportedly appointed Citigroup as part of the banking consortium for its planned IPO. Alongside Morgan Stanley, Goldman Sachs and JPMorgan, Citigroup would take a leading role in preparing the transaction. Anthropic is considering filing the listing application by the end of the month; additional banks may join the consortium. Citigroup was already involved in a $2.5 billion revolving credit facility for Anthropic, which is part of a broader financing strategy. » Mere på de.investing.com