Citigroup shares rose nearly 1.8% in early trading after the bank reported second-quarter 2026 earnings per share of $3.15, beating the Zacks Consensus Estimate of $2.72 and up from $1.96 a year earlier. Net income surged 45.1% to $5.8 billion, driven by a 12.8% increase in net interest income to $17.1 billion and a 17.7% rise in non-interest revenues to $7.6 billion, pushing total revenues net of interest expenses up 14.3% to $24.8 billion. Investment banking revenues jumped 44%, with debt capital markets up 65% and equity capital markets surging 92%, while advisory revenues dipped 4%. Operating expenses rose 4.7% to $14.2 billion, and the Common Equity Tier 1 capital ratio weakened to 12.8% from 13.5% a year ago. The company returned nearly $5 billion to common shareholders through buybacks and dividends during the quarter.
M&T Bank Corporation
U.S. BancorpCitigroup Inc.Citigroup reported Q2 earnings per share of $3.15, beating estimates, with net income up 45.1% and strong revenue growth.