Citigroup's chief financial officer Gonzalo Luchetti said the bank expects return on tangible common equity to come in slightly above 11% in 2026, while also indicating Citi will increase stock buybacks from the $13 billion repurchased in 2025. The bank plans to accelerate roughly $500 million of investment by year-end, including spending on severance and marketing intended to expand its credit-card and wealth-management businesses, and it expects to remove Banamex from its balance sheet in 2027, creating an estimated $9 billion currency-translation adjustment loss. The guidance follows a second quarter in which Citi generated $24.8 billion of revenue, up 14% year over year, net income rose 45% to $5.8 billion, and investment-banking revenue increased 44% to $1.55 billion, with second-quarter RoTCE of 13.0% versus 8.7% a year earlier and first-half 2026 RoTCE of 13.1%. Citi's June 2026 CET1 ratio remained 12.78%, comfortably above its 11.6% standardized regulatory requirement, and tangible book value per share had risen 7% year over year to $100.89 by June 30, 2026. Risks include second-quarter operating expenses that rose 5% to $14.2 billion and a less predictable capital-markets environment, after Reuters reported Citi shares fell 4.2% following its second-quarter results despite the earnings beat.
Citigroup Inc.Citi guides to above 11% RoTCE for 2026 and plans to increase buybacks beyond the $13B repurchased in 2025.
Citi expects to remove Banamex from its balance sheet in 2027, creating an estimated $9 billion currency-translation adjustment loss.
