Citigroup delivers 'strong quarter' as profit increases by 21%

Dow Jones

Apr 15, 2025

MW Citigroup delivers 'strong quarter' as profit increases by 21%

Citigroup Inc.'s stock (C) rose 0.8% in premarket trading Tuesday after the bank's profit topped Wall Street analyst estimates in what Chief Executive Jane Fraser described as a "strong quarter, marked by continued momentum, positive operating leverage and improved returns in each of our five businesses."

Citigroup's first-quarter profit rose about 21% to $4.1 billion, or $1.96 a share, from $3.4 billion, or $1.58 per diluted share, in the year-ago quarter. Wall Street analysts expected the bank to earn $1.85 a share, according to estimates compiled by FactSet.

Revenue rose 3% to $21.6 billion, ahead of the analyst estimate of $21.3 billion.

-Steve Gelsi

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 15, 2025 08:13 ET (12:13 GMT)

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Wall Street analysts expected the bank to earn $1.85 a share, according to estimates compiled by FactSet. \n\n\n     Revenue rose 3% to $21.6 billion, ahead of the analyst estimate of $21.3 billion. \n\n\n     -Steve Gelsi \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 15, 2025 08:13 ET (12:13 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}