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  • 2 days ago
Citigroup beat Q3 estimates with $2.24 EPS and $22.1B revenue as all divisions hit record highs. Net income rose 15% to $3.8B, fueled by strong banking and AI-driven efficiency. Shares are up 40% in 2025.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Citigroup recorded stronger than expected third quarter earnings with every division
00:06achieving record revenue according to CNBC.
00:09Bank reported adjusted earnings of $2.24 per share on revenue of $22.09 billion,
00:14surpassing Wall Street expectations according to LSEG.
00:17And income rose 15% to $3.8 billion from a year earlier as all divisions reported record results.
00:23Banking revenue climbed 34%, markets gained 15%, and services rose 7% for its best quarter ever.
00:30CEO Jane Fraser said new investments in digital assets and AI are improving performance across the business.
00:36Shares rose 4% on Tuesday and are up over 40% in 2025, outperforming the S&P 500.
00:42For all things money, visit Benzinga.com.
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