Citi is a global financial services company that operates through five main business segments, providing a wide range of financial products and services . The company offers cash management, trade, working capital solutions, securities services, sales and trading services, investment banking, corporate lending, traditional banking services, and wealth management . Citi's diversified business model and global network enable it to maintain leadership positions in key areas and drive revenue growth across its segments .
- Services - Provides cash management, trade, working capital solutions, and securities services through Treasury and Trade Solutions (TTS) and Securities Services .
- Treasury and Trade Solutions (TTS) - Offers cash management and trade solutions.
- Securities Services - Delivers securities services and working capital solutions.
- Markets - Offers sales and trading services across various asset classes, including equities and fixed income, with a focus on maintaining leadership in fixed income .
- Banking - Encompasses Investment Banking and Corporate Lending, supporting client capital-raising needs and strategic financing solutions .
- U.S. Personal Banking (USPB) - Includes Branded Cards and Retail Services, providing traditional banking services and contributing to consistent revenue growth .
- Branded Cards - Offers credit card services.
- Retail Services - Provides traditional banking services.
- Wealth - Serves affluent and high-net-worth clients with a range of financial services, expected to grow at a high single-digit to low double-digit CAGR .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Titi Cole ExecutiveBoard | Director | Datadog, Inc. (Board Member), Sickle Cell Hope Alive Foundation (Executive Director of Development) | Titi Cole is a Director at Citigroup as of January 31, 2025, previously serving as Head of Legacy Franchises. | |
Jane N. Fraser Executive | CEO | Council on Foreign Relations (Board Member), Harvard Business School (Board of Dean’s Advisors), Stanford Advisory Board (Member) | Jane Fraser is the CEO of Citigroup Inc. since March 2021, with extensive experience across Citigroup’s business segments and recognized for her leadership in governance, regulatory interaction, and risk management. | View Report → |
Mark A. L. Mason Executive | CFO | N/A | Mark Mason is the CFO of Citigroup, having joined in 2001. He has held various senior roles within Citigroup, including CEO of Citi Private Bank and CFO of Citi’s Institutional Clients Group. | |
Patrick Scally Executive | Interim Controller | N/A | Patrick Scally is the Interim Controller of Citigroup since September 2024, having been with the company since 1992. | |
Robert Walsh Executive | Interim Chief Accounting Officer | N/A | Robert Walsh is the Interim Chief Accounting Officer of Citigroup since September 2024, with over two decades of experience at Citigroup. | |
Barbara J. Desoer Board | Director | DaVita Inc. (Board Member), InStride (Advisory Board Member) | Barbara Desoer has been a Director of Citigroup since 2019, with over 40 years of experience in financial services, including a 35-year career at Bank of America. | |
Casper W. von Koskull Board | Director | Heimstaden Bostad Ab (Chairman), Fazer Ab (Chairman), Stena Ab (Board Member) | Casper von Koskull has been a Director of Citigroup since January 2023, with over 35 years of experience in institutional and international finance. | |
Diana L. Taylor Board | Director | Brookfield Corporation (Director), Accion (Chair of the Board), Columbia Business School (Board of Overseers) | Diana Taylor has been a Director of Citigroup since 2009, with extensive experience in financial services and regulatory compliance. | |
Duncan P. Hennes Board | Director | RenaissanceRe Holdings Ltd. (Board Member) | Duncan Hennes has been a Director of Citigroup since 2013, with extensive experience in risk management, financial services, and corporate governance. | |
Ellen M. Costello Board | Director | The Economic Club of Chicago (Member) | Ellen Costello has been a Director of Citigroup since 2016, with extensive experience in financial services, risk management, and regulatory compliance. | |
Gary M. Reiner Board | Director | Hewlett Packard Enterprise Company (Board Member) | Gary Reiner has been a Director of Citigroup since 2013, with expertise in technology, cybersecurity, and data management. | |
Grace E. Dailey Board | Director | N/A | Grace Dailey has been a Director of Citigroup since 2019, with 36 years of experience as a banking regulator, focusing on risk management and regulatory compliance. | |
James S. Turley Board | Director | Emerson Electric Co. (Board Member), Northrop Grumman Corporation (Board Member), Precigen, Inc. (Board Member) | James Turley has been a Director of Citigroup since 2013, with expertise in financial reporting, corporate governance, and risk management. | |
John C. Dugan Board | Chair of Citigroup Inc. | Mitsubishi UFJ Financial Group, Inc. (Global Advisory Board Member), University of Michigan’s “Michigan in Washington” Program (Advisory Board Member) | John Dugan has been Chair of Citigroup Inc. since January 2019, with a background in regulatory, legal, and compliance matters. | |
Peter B. Henry Board | Director | Nike, Inc. (Board Member), Analog Devices, Inc. (Board Member), National Bureau of Economic Research (Board Member) | Peter Henry has been a Director of Citigroup since 2015, providing insights on emerging markets and international business. | |
Renée J. James Board | Director | Ampere Computing (Founder, Chair, and CEO), Oracle Corporation (Board Member) | Renée James has been a Director of Citigroup since 2016, with a background in technology leadership and cybersecurity. | |
S. Leslie Ireland Board | Director | The Stimson Center (Board Member), Chubb Insurance (Cyber Advisory Board Member), KnightSwan Acquisition Corp. (Director) | S. Leslie Ireland has been a Director of Citigroup since 2017, with expertise in financial intelligence, cybersecurity, and risk management. |
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Given the progress you've made on the transformation and regulatory consent orders, why did you receive an amended consent order related to data quality and regulatory reporting, and is this an issue of insufficient resources or needing to change your approach?
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You mentioned that you closed a BSA/AML order this quarter, yet concerns remain about your data quality and regulatory reporting; can you clarify whether these issues are impacting your ability to serve clients or causing any operational disruptions?
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With your stock trading at $64 compared to a tangible book value of $90, why aren't you being more aggressive in repurchasing shares, especially given the disconnect between your performance and stock price?
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In light of concerns about judicial reform in Mexico and the potential negative impact on Banamex's valuation, how do you plan to proceed with the IPO, and are you prepared to delay it if market conditions don't improve?
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Despite improvements in net interest income in certain areas, you've guided for NII ex-markets to be roughly flat sequentially and slightly down for the full year; what's driving this headwind, and how do you plan to address it going forward?
Research analysts who have asked questions during CITIGROUP earnings calls.
Ebrahim Poonawala
Bank of America Securities
7 questions for C
Erika Najarian
UBS
7 questions for C
Gerard Cassidy
RBC Capital Markets
7 questions for C
Betsy Graseck
Morgan Stanley
6 questions for C
Glenn Schorr
Evercore ISI
6 questions for C
John McDonald
Truist Securities
6 questions for C
James Mitchell
Seaport Global Holdings LLC
5 questions for C
Matthew O'Connor
Deutsche Bank
5 questions for C
Saul Martinez
HSBC
5 questions for C
Ken Usdin
Autonomous Research
4 questions for C
Mike Mayo
Wells Fargo
4 questions for C
Michael Mayo
Wells Fargo
3 questions for C
Chris McGratty
KBW
2 questions for C
Christopher McGratty
Keefe, Bruyette & Woods
2 questions for C
Steven Alexopoulos
JPMorgan Chase & Co.
2 questions for C
Vivek Juneja
JPMorgan Chase & Co.
2 questions for C
Jim Mitchell
Seaport Global
1 question for C
Kenneth Usdin
Jefferies
1 question for C
Ryan Kenny
Morgan Stanley
1 question for C
Citations: The auditor, KPMG LLP, has served as Citigroup's auditor since 1969. **[0000831001-24-000033_c-20231231.htm:211]**
Recent press releases and 8-K filings for C.
- Imprint Payments closed its inaugural ABS, backed by co-branded credit card receivables, upsizing the deal 50% from $200 M to $300 M on strong demand and received a AAA rating from Fitch Ratings.
- The ABS priced at approximately 160 basis points over benchmarks.
- The transaction was led by Citigroup, Mizuho, Truist Securities, and HSBC, with US Bancorp and First Citizens Capital Securities as co-managers.
- Proceeds will support growth across Imprint’s co-branded card programs, diversify funding sources, and establish a repeatable capital markets platform.
- Citigroup delivered $3.8 billion in net income and $1.86 EPS (ROTC 8%), and on an adjusted basis EPS was $2.24 (adjusted ROTC 9.7%), on $22.1 billion of revenues, up 9% year-over-year.
- All five businesses generated record or double-digit revenue growth: Services +7%, Markets +15%, Banking +34%, Wealth +8%, and USPB revenue reached $5.3 billion with ROTC >14%.
- Returned over $6 billion of capital in Q3 (including $5 billion of share repurchases; YTD repurchases $8.75 billion), and ended the quarter with a CET1 ratio of 13.2%, 110 bps above the requirement.
- Raised full-year guidance: expect revenues to exceed $84 billion, NII ex-markets up ~5.5%, and a full-year efficiency ratio slightly below 64%; credit outlook unchanged.
- Citi reported Q3 2025 revenues of $22.1 billion, up 9% YoY, with net income of $3.8 billion (+16% YoY) and EPS of $1.86 (+23% YoY).
- Efficiency ratio improved ~30 bps YoY to 65%, and ROTCE rose 100 bps YoY to 8.0% (9.7% ex-notable item).
- CET1 capital ratio stood at 13.2%, about 110 bps above the regulatory requirement.
- Returned $6.1 billion to shareholders in the quarter via buybacks and dividends, and increased the quarterly dividend to $0.60 per share.
- Citigroup delivered revenues of $22.1 billion (up 9% YoY) and net income of $3.8 billion ($1.86 EPS) in Q3 2025.
- All major businesses achieved record Q3 revenues: Services up 7% to its best quarter ever, Markets up 15% to its strongest Q3, Banking up 34%, and Wealth reported $18.6 billion in net new investment assets.
- The firm returned $6.1 billion to shareholders through share repurchases and dividends, reaching a 176% payout ratio, and ended the quarter with a book value per share of $108.41 and tangible book value of $95.72.
- Citi advanced its strategic simplification by agreeing to sell a 25% equity stake in Banamex, reinforcing its commitment to shareholder value.
- Citigroup’s Q3 net income rose 16% year-over-year to $3.8 billion, with EPS up 23% to $1.86, beating analyst expectations.
- Markets revenue increased 15% to $5.6 billion, led by stronger fixed income and equity trading.
- All five business divisions delivered record revenues, including 31.3% growth in banking and 8% in wealth management.
- Adjusted net income was $4.5 billion (or $2.24 per share) after excluding a $726 million goodwill impairment from the Banamex sale; the bank returned $6.1 billion to shareholders via buybacks and dividends.
- Citi will offer a crypto custody service by 2026, enabling institutional clients to securely hold native assets like bitcoin and ether.
- The service employs a hybrid custody model, combining in-house technology with third-party partnerships to support diverse asset types.
- The initiative aligns with Citi’s broader blockchain pivot in a friendlier regulatory climate under the GENIUS Act and Trump administration policies.
- It augments existing crypto efforts, including investments in stablecoin payment startups and exploration of tokenized deposits.
- Navan plans to raise $960 million by selling 30 million shares at $24–$26 each, targeting a $6.5 billion valuation in its US IPO.
- The IPO is backed by major institutions including Goldman Sachs, Citigroup, Jefferies, Mizuho, Morgan Stanley, Lightspeed, and Andreessen Horowitz.
- The filing uses SEC rules for automatic approval during the federal shutdown, though staff can still later request amendments or questions.
- Navan posted 32% revenue growth to $613 million over the trailing 12 months, alongside a $188 million loss, per updated filings.
- SunStrong closed a $900 million asset-backed securitization of residential solar assets—the largest solar ABS issuance this year—priced on September 19 and closed on September 30, 2025.
- The deal comprises four tranches: public Class A-1 (coupon 5.95%), private A-2, and retained Classes B and C.
- The pool includes 64,024 solar assets (≈528 MW capacity) across 18 states with a weighted average FICO of 763.
- ATLAS SP Partners acted as sole structuring agent and joint bookrunner; ING Financial Markets was joint bookrunner; Bank of America Securities and Citigroup were co-managers.
- The trust established at Citigroup by Eric Trump holds President Trump’s assets and is managed by select personnel including wealth management head Andy Sieg under tight controls.
- Citigroup faced $136 million in fines from the Federal Reserve and OCC in mid-2024 for risk management deficiencies and is working to resolve the consent orders.
- Its wealth management division offers services such as stock-collateralized loans and block trades, leveraging historical financing ties with the Trump family.
- Citigroup reported $83.11 billion in revenue, a 6.7% three-year revenue growth rate, 17.06% net margin, and issued $59.4 billion in new debt over the past three years.
- Citi has integrated its Citi Token Services blockchain platform with its 24/7 USD Clearing solution, enabling near-instant, round-the-clock cross-border USD payments for institutional clients in the US and UK.
- The solution delivers continuous multibank interoperability, reducing payment delays and optimizing real-time liquidity management across Citi and non-Citi accounts.
- Initially available for clients with Citi accounts in the UK and US, the offering will be expanded to additional geographies in the future.
- Citi’s 24/7 USD Clearing network supports over 250 banks across more than 40 markets, facilitating seamless global USD transactions.