Citigroup earnings beat reinforces confidence in 2026 profitability goal
-5.60% to $124.53 from $131.92
What moved C
- Third-quarter net income rose to about $5.2 billion from $3.8 billion a year earlier, with revenue up 8% to $23.8 billion on strength in services, wealth, markets and banking.
- Earnings per share beat Wall Street’s consensus estimate for the quarter.
- Oppenheimer said the Q3 beat reinforces confidence in Citigroup’s 2026 profitability goal of a 10% to 11% return on tangible common equity.
Sources: SEC filing · CNBC · iTiger