Citigroup reported its highest quarterly revenue in ten years for the second quarter of 2026, with total revenues reaching $24.76 billion, a 14% increase year over year. Growth was broad-based across its five interconnected businesses: Services revenues rose 18%, Markets revenues increased 17%, Banking revenues advanced 34% driven by a 44% surge in investment-banking revenues, Wealth revenues grew 13%, and U.S. Consumer Cards also contributed. Net interest income climbed 13% to $17.1 billion, while non-interest revenues rose 18%, helping push earnings before tax up 54%. Expenses grew only 5% to $14.2 billion, improving the efficiency ratio by approximately 530 basis points to 57.4%. The company continues to simplify its structure, exit non-core markets, and invest in AI and automation, and it expects a 4-5% compound annual revenue growth rate through 2026.
PNC Financial Services Group Inc
Wells Fargo & CompanyCitigroup Inc.Citigroup reports strongest quarterly revenue in a decade with broad-based growth and improved efficiency.
