C Reported this cycle

Citigroup

New York, NY Founded 1812 Banking & Capital Markets

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Latest analysis

Updated Aug 6, 2026

Citigroup Q2 2026 10-Q: NII surges to $17.1B on loan growth; ACL build signals macroeconomic caution; Banamex partial exit crystallizes $2.3B cash proceeds

Citigroup's Q2 2026 financial statements reveal three defining dynamics: NII expanded materially year-over-year driven by loan growth across corporate and consumer portfolios; the total allowance for credit losses rose to $22.2 billion, with management explicitly attributing the build to 'increased uncertainty in the macroeconomic outlook'; and the sale of 22.6% of Banamex generated $2.3 billion in cash proceeds, increasing Citi's tangible equity position while crystallizing a $0.5 billion net loss recorded in APIC. Investment banking fees reached $1.36 billion in Q2 2026, the Banking segment's strongest quarter in the filing period, and share repurchases accelerated under the newly announced $30 billion buyback program.

Tone: mixed

Revenue

$85.2B

C 10-K · FY 2025

Revenue FY2024

$81.1B

Founded

1812

Headquarters

New York, NY

Profile

C 10-K Item 1 · Feb 20, 2026

Citigroup is a global diversified financial services holding company operating across banking, markets, wealth management, and consumer banking segments. The firm serves institutional, corporate, and individual clients across multiple geographies through five primary reportable segments. Its transformation program and ongoing divestiture of legacy international franchises are central to its current strategic posture.

Read filing description ↓

Citigroup Inc. is a global financial services institution headquartered in New York, NY. The company operates through five primary business segments: Services, Markets, Banking, Wealth, and US Personal Banking (USPB). Services encompasses treasury and trade solutions and securities services for institutional clients. Markets covers fixed income, equities, and spread products trading and distribution. Banking includes investment banking, corporate lending, and advisory. Wealth serves high-net-worth and ultra-high-net-worth individuals as well as family offices. USPB operates Citi-branded consumer credit cards and retail banking in the United States. The company also maintains an All Other segment that includes legacy franchises being wound down or divested, including its Mexico consumer business (Banamex) and residual Asia consumer operations. Citigroup has been executing a multi-year organizational transformation, including simplification of its legal entity structure and management reporting. Divestitures of non-core international consumer franchises are reflected as reconciling items in consolidated results. Total consolidated revenues for fiscal year 2025 were $85,225 million, up from $80,722 million in 2024.

Primary products

Treasury and trade solutions
Securities services
Fixed income trading and distribution
Equities trading and distribution
Spread products
Investment banking

Business segments

Services Markets Banking Wealth US Personal Banking (USPB) All Other

End markets

Institutional clients Corporate clients High-net-worth individuals Ultra-high-net-worth individuals Family offices US consumer banking customers

Geographies

United States Mexico Asia

Named customers

American Airlines (co-branded card partner)

Revenue commentary · FY 2025

Total revenues, net of interest expense, increased from $80,722 million in 2024 to $85,225 million in 2025, driven by growth across Services, Markets, Banking, and Wealth segments.

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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

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