Citigroup has denied Bloomberg's report that it is considering acquiring a major U.S. regional bank or brokerage to boost deposits for its lending and trading operations. The bank called the acquisition rumors "baseless speculation" and stated it is focused on organic growth and completing its transformation. Citigroup operates under regulatory consent orders requiring approval for acquisitions, but regulators have shown openness to proposals. Despite being the third-largest U.S. bank, Citigroup's U.S. retail deposits are much smaller than competitors like JPMorgan. The bank is undergoing restructuring to become leaner and more technology-driven under CEO Jane Fraser.
Citigroup reported Q2 2026 earnings that surpassed analyst expectations, with revenue of $24.77 billion and earnings per share of $3.15, exceeding forecasts of $23.74 billion and $2.74 EPS. The strong performance was fueled by robust trading and inve...
Citigroup reported strong second-quarter results with revenues up 14% year-over-year, driven by broad strength in banking and services segments. The bank improved its efficiency ratio to 57.4%, leading to a 61% increase in diluted earnings per share ...
Citigroup reported second-quarter revenue of $24.77 billion, surpassing analyst estimates of $23.74 billion, driven by strong fixed income trading and investment banking performance. Earnings per share were $3.15, with notable revenue from fixed inco...
JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are expected to report strong earnings growth for Q2, driven by broad-based revenue increases. While net interest margins are forecast to remain stable at about 2.36%, loan growth is project...
Bank of America analysts predict that eight major US banks, including JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley, will surpass earnings-per-share estimates due to strong capital markets activity, resilient economic cond...
