Citigroup reported first-quarter 2026 earnings that beat Wall Street forecasts, with normalized EPS of $3.06 versus consensus estimates of $2.60 to $2.67, a 56% year-over-year increase. Total revenue reached $24.63 billion, up 14.1% from a year earlier and the bank's highest single-quarter revenue in ten years, while net income rose 42% to $5.8 billion. Revenue in the high-margin Services division surged 17%, driven by a 40% increase in new client mandates and a 12% rise in cross-border transaction volumes. The results mark a sharp turnaround for the diversified financial services holding company, which was recently dropped from Berkshire Hathaway's portfolio after the fund sold its remaining stake in the first quarter of 2025.
Citigroup Inc.Citigroup reported Q1 2026 earnings that beat forecasts, with EPS up 56% and revenue at a ten-year high.
Berkshire Hathaway Inc