Citigroup CEO Jane Fraser visits FOX Business Network’s “Morning with Maria” at Fox Business Network Studios on May 29, 2025 in New York City.
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citygroup Fourth-quarter results released Wednesday were better than expected as financial institutions had less money set aside for troubled loans than analysts expected.
Here’s what the company reported:
Adjusted earnings: $1.81 per share vs. LSEG expected $1.67 Adjusted earnings: $21 billion vs. $20.72 billion expected
The company announced that its net income decreased 13% year over year to $2.47 billion, or $1.19 per share. This was due to the impact of a $1.1 billion tax loss related to Citigroup’s planned sale of its Russian business. Earnings excluding costs were $3.6 billion, or $1.81 per share.
Excluding Russia-related costs, sales increased 8% to $21 billion due to higher results in Banking, Assets and Institutional Services.
Under CEO Jane Fraser, Citigroup is in the midst of a restructuring to sell off some of its overseas operations, while also benefiting from the deregulation of banking in the United States.
That’s why Wells Fargo banking analyst Mike Mayo calls Citigroup a top choice among bank stocks.
Analysts will be watching to see whether Fraser sees last year’s momentum continuing into 2026.
on tuesday, JP Morgan Chase The company announced higher-than-expected results due to higher-than-expected trading profits. bank of america and wells fargo Fourth quarter results are also expected to be announced on Wednesday. goldman sachs and morgan stanley is scheduled for Thursday.
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