Citigroup

C

Market cap $225B

Citigroup has hired Henning ​Wagner as Head of ‌Private Company Coverage for Germany and ​Austria, the bank ​said in a memo ⁠seen by Reuters, ​adding he would ​join Citi from Deutsche Bank in the third ​quarter.

Global financial markets were jolted by a volatile first quarter shaped by geopolitical tensions, energy shocks and shifting expectations around artificial intelligence — a backdrop that delivered a windfall for Wall Street trading desks while clouding the outlook for broader economic activity. Major US banks reported a sharp rise in trading revenues as clients rushed to reposition portfolios amid heightened uncertainty.

Citigroup Inc. delivered a strong Q1 2026, with revenues up 14% YoY and earnings beating estimates by 18%, driven by robust Markets performance. C's strategy to exit international markets, de-risk its balance sheet, and focus on sustainable loan growth is yielding higher ROE and narrowing its valuation discount to peers. Net interest income ex-Markets grew 7% YoY despite Fed rate cuts, with loan growth of 9% YoY supporting earnings resilience and future NII guidance of 5-6% growth in 2026.

Weekly Jobless Claims Below Expectations.

Citigroup, Inc. C kicked off 2026 with a solid start. Its first-quarter 2026 earnings and revenues easily topped the Zacks Consensus Estimate.

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JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo released first-quarter earnings this week.

Citigroup Inc (NYSE: C) reported better-than-expected earnings for the first quarter on Tuesday.

What executives said about trading windfalls, gas prices, private credit and economic risks.

Citigroup (NYSE:C) stock is getting fresh Wall Street validation this week, with three major firms raising their price targets following a blowout first quarter.