Citigroup Inc. Reports Strong First Quarter Performance

Citigroup Inc. announced on Tuesday a notable 3% increase in revenue for the first quarter of fiscal 2025, reaching $21.6 billion compared to the same period in 2024.

Financial Highlights

The company also reported a significant 21% jump in net income on an annual basis, totaling $4.1 billion. Diluted earnings per share saw an impressive 24% increase, standing at $1.96.

CEO's Optimistic Outlook

"We delivered a strong quarter, marked by continued momentum, positive operating leverage and improved returns in each of our five businesses. Services recorded its best first quarter revenue in a decade," stated CEO Jane Fraser. She further emphasized, "When all is said and done, and longstanding trade imbalances and other structural shifts are behind us, the US will still be the world's leading economy, and the dollar will remain the reserve currency."

Market Response

Following the release of the report, Citigroup's stock experienced a 0.28% gain in the premarket.