Citigroup Inc. (C) Earnings Call Transcripts

Citigroup Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Citigroup Inc. reported a net income of $5.8 billion and an EPS of $3.15, marking a significant year-over-year revenue growth of 14% to $24.8 billion. Management highlighted strong performance across multiple business segments, particularly in services and banking, with notable increases in cross-border transactions and deposits. The firm maintained its RoTCE at 13% and signaled confidence in achieving its full-year RoTCE target of 10% to 11%, despite potential seasonality impacts in the second half of the year. The company also announced a 12% increase in its dividend and a $30 billion stock repurchase program, indicating a commitment to returning capital to shareholders.

Reported metrics

Guidance from management

Management maintained its full-year RoTCE target of 10% to 11%, indicating confidence in achieving this despite potential seasonality in the second half. They also expect NII ex-markets growth of approximately 5% to 6%.

What management said

Mike, let me just jump in here. What we're saying is we're focused on the near-term and the medium-term targets, not on the way point. I think that I can't imagine this investor that doesn't want us to make sure that we are taking full advantage of the market conditions, particularly if they're good in the second half to be able to make the investments and take actions that will drive growth for the next number of ye...

In a word, no. Europe is almost the opposite. They're not allowing the emergence of emerging market champions. You're seeing much more national consolidation at best in Europe, which is a shame. We need Europe to be strong these days. And in Asia, you're seeing some, but the U.S. is unique and the American entrepreneurs innovation, the breadth and depth of the funding markets here and the investor base as well as how...

What analysts pressed on

Analysts expressed concerns regarding the potential for a weaker second half, with some questioning the sustainability of the strong first-half performance. There were also inquiries about the impact of increased investments on future returns and the potential need for further restructuring efforts.

Main topics on the call

• Strong Revenue Growth — Citigroup achieved its best quarterly revenue in a decade, with total revenues up 14% year-over-year, driven by strong performances in services and banking. Management stated, "We saw double-digit revenue growth for the ...
• Improved Return Metrics — The firm reported an RoTCE of 13%, an increase of 430 basis points year-over-year. Management emphasized the improvement in returns across all business segments, stating, "We improved our RoTCE for the firm by 430 basis ...
• Capital Return Strategy — Citigroup announced a 12% increase in its quarterly dividend and initiated a $30 billion stock repurchase program, with $4 billion already repurchased in the quarter. This reflects management's commitment to returning ca...
• Investment in Growth — Management indicated a focus on offensive investments to drive future growth, stating, "We will lean in bringing forward investments and other actions that will create value for our shareholders over the medium term." Th...

Read the full Citigroup Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 89 Citigroup Inc. earnings call transcripts on record, spanning January 14, 2020 to July 14, 2026. Based on this history, Citigroup Inc. reports quarterly. The most recent call on file is dated July 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

C

Exchange

NYSE

Country

US

Sector

Financials

Industry

Banks

Calls on record

89

First call

January 14, 2020

Most recent

July 14, 2026

Reporting cadence

quarterly