Strong Financial Performance in Q1 2025

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.

Significant Growth in Net Income and Earnings Per Share

The financial giant reported a 21% jump in net income on an annual basis, totaling $4.1 billion, with diluted earnings per share rising by 24% to $1.96.

CEO Jane Fraser's Optimistic Outlook

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

Market Response

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