Citigroup Inc. Reports Strong First Quarter Performance

Citigroup Inc. announced on Tuesday a notable 3% increase in its first-quarter revenue for fiscal 2025, reaching $21.6 billion compared to the same period in 2024. This growth underscores the bank's robust performance and strategic execution.

Financial Highlights

The bank reported a significant 21% jump in net income on an annual basis, totaling $4.1 billion. Additionally, diluted earnings per share experienced a remarkable 24% increase, standing at $1.96.

Leadership's Perspective

"We delivered a strong quarter, marked by continued momentum, positive operating leverage, and improved returns across all five of our businesses," stated CEO Jane Fraser. She highlighted the Services division's achievement of its best first-quarter revenue in a decade and expressed confidence in the U.S. economy's leading position and the dollar's status as the reserve currency.

Market Reaction

Following the earnings report, Citigroup's stock saw a 0.28% increase in premarket trading, reflecting investor optimism about the bank's financial health and future prospects.