Earnings summaries and quarterly performance for CITIGROUP.
Executive leadership at CITIGROUP.
Jane Fraser
Detailed
Chief Executive Officer
CEO
AM
Andrew Morton
Detailed
Head of Markets
AS
Andy Sieg
Detailed
Head of Wealth
BM
Brent McIntosh
Detailed
Chief Legal Officer and Corporate Secretary
MM
Mark Mason
Detailed
Chief Financial Officer
SK
Shahmir Khaliq
Detailed
Head of Services
VR
Viswas Raghavan
Detailed
Head of Banking
Board of directors at CITIGROUP.
Cv
Casper von Koskull
Detailed
Director
DT
Diana Taylor
Detailed
Director
DH
Duncan Hennes
Detailed
Director
EC
Ellen Costello
Detailed
Director
GR
Gary Reiner
Detailed
Director
GD
Grace Dailey
Detailed
Director
JT
James Turley
Detailed
Director
JD
John Dugan
Detailed
Chair of the Board
JM
Jonathan Moulds
Detailed
Director
PH
Peter Henry
Detailed
Director
RJ
Renee James
Detailed
Director
TC
Titi Cole
Detailed
Director
Research analysts who have asked questions during CITIGROUP earnings calls.
Ebrahim Poonawala
Bank of America Securities
7 questions for C
Also covers: , BK, BMO +30 more
Erika Najarian
UBS
7 questions for C
Also covers: AXP, BAC, CFG +14 more
Gerard Cassidy
RBC Capital Markets
7 questions for C
Also covers: BAC, BK, BPOP +14 more
BG
Betsy Graseck
Morgan Stanley
6 questions for C
Also covers: BAC, BK, GS +8 more
GS
Glenn Schorr
Evercore ISI
6 questions for C
Also covers: APO, BAC, BEN +14 more
JM
John McDonald
Truist Securities
6 questions for C
Also covers: BAC, FHN, GRDN +6 more
JM
James Mitchell
Seaport Global Holdings LLC
5 questions for C
Also covers: BAC, BK, EVR +9 more
MO
Matthew O'Connor
Deutsche Bank
5 questions for C
Also covers: BAC, CFG, FITB +11 more
SM
Saul Martinez
HSBC
5 questions for C
Also covers: AXP, BAC, GS +6 more
KU
Ken Usdin
Autonomous Research
4 questions for C
Also covers: BAC, BK, CFG +11 more
MM
Mike Mayo
Wells Fargo
4 questions for C
Also covers: BAC, BK, CMA +11 more
MM
Michael Mayo
Wells Fargo
3 questions for C
Also covers: BAC, BK, FITB +10 more
CM
Chris McGratty
KBW
2 questions for C
Also covers: BAC, CFG, FHN +13 more
Christopher McGratty
Keefe, Bruyette & Woods
2 questions for C
Also covers: ASB, BAC, BANC +33 more
SA
Steven Alexopoulos
JPMorgan Chase & Co.
2 questions for C
Also covers: BAC, CFG, FCNCA +10 more
VJ
Vivek Juneja
JPMorgan Chase & Co.
2 questions for C
Also covers: BAC, NTRS, STT +2 more
JM
Jim Mitchell
Seaport Global
1 question for C
Also covers: BAC, EVR, JPM +2 more
KU
Kenneth Usdin
Jefferies
1 question for C
Also covers: BK, FITB, HBAN +7 more
Ryan Kenny
Morgan Stanley
1 question for C
Also covers: EVR, HLI, LAZ +2 more
Recent press releases and 8-K filings for C.
Citigroup upgraded to Overweight by J.P. Morgan
C
- J.P. Morgan raised Citigroup’s rating from Neutral to Overweight and increased the price target to $124.
- The upgrade is based on expectations of a strong 2026 economic environment, robust market activity, and favorable regulatory conditions to drive improved RoTCE.
- Citigroup shares have gained ~59% year-to-date, trading at 1.1x tangible book value, representing a discount to peers.
- Of 23 brokerages covering the stock, 19 rate it as Buy or higher, with a median price target of $116.50, below J.P. Morgan’s $124 target.
Dec 12, 2025, 11:45 AM
Ionic Mineral Technologies announces major rare earth discovery at Silicon Ridge
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New Projects/Investments
- Confirmation of a high-grade rare earth and critical metals deposit at Utah’s Silicon Ridge, hosted in halloysite ion-adsorption clay comparable to leading Chinese deposits.
- Initial assays from 106 boreholes and 35 trenches reveal an average grade of 2,700 ppm (0.27%) total rare earth and critical metals, a 4.74× enrichment over the bulk material.
- Fully permitted on state-leased land, backed by a 74,000 sq ft processing facility in Provo, enabling a rapid path to commercial production.
- Vertically integrated model will yield three co-product streams: critical metals, IonAL™ high-purity alumina, and Ionisil™ nano-silicon battery anode (qualification targeted for 2027).
- Citigroup is engaged as the exclusive capital markets adviser for the Silicon Ridge project.
Dec 11, 2025, 2:00 PM
Citigroup outlines CFO transition, strategic shifts, and 2026 targets
C
CFO Change
Guidance Update
- Citigroup CFO Mark Mason announced his departure effective March 2026, with Gonzalo Luchetti—currently head of U.S. Personal Banking—named incoming CFO and a structured transition period through Investor Day and 2026 strategic initiatives .
- The firm is reorganizing U.S. Personal Banking by integrating its Retail Bank into Wealth to leverage its affluent footprint and spinning off the card business as a standalone unit to capture universal and co-brand card growth (650 branches, 70 million customers) .
- Management expects the global economy to remain resilient, anticipates 2–3 Fed rate cuts in 2026, and projects 2025 net interest income ex-Markets growth of 5.5%, with continued deposit, trade finance, and loan growth supporting NII in 2026 ** **.
- Transformation efforts are two-thirds complete, with significant advances in risk and compliance controls and a current focus on data centralization and regulatory reporting accuracy to support scalable analytics and faster delivery .
- Citigroup targets a full-year 2026 operating efficiency ratio below 60%, a CET1 ratio of 12.8% within the next few quarters, and plans to continue returning capital alongside growth investments, having repurchased $9 billion of its $20 billion buyback program year-to-date ** **.
Dec 9, 2025, 8:00 PM
Citigroup outlines CFO transition and 2026 financial targets
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CFO Change
Guidance Update
Share Buyback
- CFO Change: Citigroup CFO Mark Mason will step down, with Gonzalo Luchetti set to become CFO in March 2026 under a structured transition agreement to support Investor Day and key strategic initiatives.
- Guidance Update: Citi is targeting 10 – 11% ROE in 2026, aiming for < 60% operating efficiency by year-end 2026, and expects NII ex‐markets to grow ~ 5.5% in 2025.
- Share Buyback: The bank plans to reduce its CET1 ratio to 12.8% over the next 2–3 quarters, balancing capital reinvestment with a $20 billion buyback program (>$9 billion executed YTD) and anticipates regulatory relief on capital requirements.
- Transformation Progress: Approximately two-thirds of the firm’s transformation is complete, with ongoing efforts focused on data quality and regulatory reporting enhancements leveraging AI and automated controls.
Dec 9, 2025, 8:00 PM
Citigroup CFO Transition and 2026 Strategy Update
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CFO Change
Guidance Update
- Citigroup confirmed a CFO change: Gonzalo Luchetti will succeed Mark Mason as CFO in March 2026, with Mason remaining through Investor Day and into 2026 to ensure a smooth handover.
- The firm delivered strong 2025 YTD revenue growth of 7% with positive operating leverage across all five segments; Q4 markets revenues are expected to decline low- to mid-single digits, while investment banking fees are projected to rise mid-20%.
- Full-year 2025 net interest income ex-markets is guided to 5.5% growth; continued NII ex-markets expansion is anticipated in 2026 despite an expected 2–3 rate cuts, fueled by deposit gains in TTS, trade finance growth, and branded card loan increases.
- Citigroup reaffirmed its 2026 operating efficiency target of below 60%, driven by reductions in stranded costs, lower transformation spend, productivity savings, and normalized severance levels, alongside ongoing investments for future growth.
- Transformation efforts are now two-thirds complete, with further focus on data and regulatory reporting enhancements; AI initiatives, including the Stylus platform and large-scale coding automation, have boosted productivity and strengthened controls.
Dec 9, 2025, 8:00 PM
BKV prices $156M stock offering to fund power acquisition
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M&A
- BKV launched a public offering of 6 million shares at $26 per share to raise $156 million before fees for the acquisition of a controlling interest in BKV-BPP Power, LLC, expected to close December 3, 2025.
- The deal includes a 30-day option for underwriters to purchase up to 900,000 additional shares.
- Proceeds are intended to fund the cash consideration for the joint venture and may be used for general corporate purposes if the acquisition does not close.
- BKV operates in the energy sector with a gross margin near 80%, a net margin of 5.6%, and has seen a 7.4% decline in revenue growth over the past three years.
- The offering is managed by a syndicate led by Citigroup, Barclays and Mizuho, with RBC Capital Markets, Evercore ISI and Jefferies also as joint book-runners, and Citizens Capital Markets, KeyBanc Capital Markets, Pickering Energy Partners and CIBC as co-managers.
Dec 1, 2025, 10:00 PM
China Taiping Insurance shares fall after Hong Kong estate fire
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- A blaze at the 2,000-unit Wang Fuk Court estate killed dozens, left hundreds missing and displaced thousands, marking one of Hong Kong’s worst fires in decades.
- Industry estimates project HK$2.6 billion in personal, property and liability insurance claims (US$334 million).
- China Taiping Insurance’s gross exposure is estimated at about HK$2.6 billion before reinsurance—roughly 9.3% of consensus earnings or 1.5% of shareholder equity, assuming a 50% reinsurance recovery.
- Shares of China Taiping Insurance fell as much as 8% amid concern over its underwriting exposure to the estate.
- The Hong Kong Insurance Authority has set up a senior-executive task force and insurers have simplified claims procedures to speed compensation.
Nov 27, 2025, 5:16 AM
Citigroup Coordinates Saudi PIF’s $250M Stake Sale in Umm Al Qura
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New Projects/Investments
Revenue Acceleration/Inflection
- Saudi Arabia’s Public Investment Fund sold 3.3% stake in Umm Al Qura, raising approximately $250–281 million via an accelerated bookbuild led by Citigroup, SNB Capital and EFG Hermes.
- The sale comprised 48 million shares priced at 19.8 riyals each, at a ~10% discount to the last close, and was fully covered by demand.
- Post-transaction, PIF retains a 16.3% stake in Umm Al Qura, subject to a 90-day lockup, with no dilution to other investors.
- Umm Al Qura’s Q3 2025 net profit rose to 517 million riyals from 117 million a year earlier, and revenue surged 374% to 1.3 billion riyals.
Nov 25, 2025, 4:32 PM
Citigroup announces CFO transition and U.S. consumer business realignment
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CFO Change
Management Change
- Mark Mason will step down as CFO in early March 2026 and become Executive Vice Chair and Senior Executive Advisor to CEO Jane Fraser.
- Gonzalo Luchetti, Head of U.S. Personal Banking, will succeed Mason as CFO after Citi files its 2025 year-end financial reports.
- Citi will integrate Retail Banking into its Wealth management segment under Kate Luft and create a new U.S. Consumer Cards unit led by Pam Habner, serving over 70 million U.S. customers.
- These changes are designed to streamline operations, enhance competitive positioning, and support Citi’s long-term growth strategy.
Nov 21, 2025, 5:44 AM
Citigroup announces CFO transition and U.S. personal banking restructuring
C
CFO Change
Management Change
- Mark Mason will step down as CFO in early March 2026 to become Executive Vice Chair and Senior Executive Advisor; Gonzalo Luchetti, Head of U.S. Personal Banking since 2021, will assume the CFO role following the transition.
- Citi’s Retail Banking and Citigold tiers will be integrated into the Wealth business under Kate Luft as Head of U.S. Retail Banking and Citigold, while Pam Habner will lead a standalone U.S. Consumer Cards division serving over 70 million customers.
- Citi’s Investor Day is scheduled for May 7, 2026, setting the stage for updates on the firm’s strategic direction and return targets.
Nov 20, 2025, 9:28 PM
Quarterly earnings call transcripts for CITIGROUP.
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