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Key Takeaways C's 30-day and 90-day card delinquencies rose sequentially in September, while receivables fell to $18.7B.The annualized net principal loss rate climbed to 2.18% in September from 2.03% in August.Citigroup expects a 4%-4.5% U.S. card net credit loss rate in 2026 amid ongoing consumer credit pressures.
Citigroup Inc. (C - Free Report) continues to navigate credit-quality challenges amid an uncertain economic environment. According to its latest SEC filing, its subsidiary, Citibank N.A., reported higher credit card delinquencies and net principal losses in September 2026, while outstanding principal receivables declined during the month.

For the period ended Sept. 25, 2026, the Citibank Credit Card Master Trust I reported principal receivables of $18.7 billion, down from $19.1 billion at the beginning of the period. Receivables delinquent for 30 days or more increased to 1.35% in September from 1.29% in August, while those delinquent for 90 days or more rose to 0.65% from 0.63%. The Citibank Credit Card Issuance Trust’s annualized net principal loss rate climbed to 2.18% from 2.03% in August and 1.90% in July, signaling a pickup in credit losses.

The detailed filing also showed that 97.3% of receivables were current in September. However, balances delinquent for 31-60 days were $80.7 million, while those delinquent for 151-180 days totaled $37.4 million. The portfolio's annualized gross yield was 25.03%, while the principal payment rate was 41.45%. Although the high portfolio yield provides a revenue cushion against credit losses, the increase in delinquencies and net principal losses warrants monitoring. These figures relate to the securitized credit card portfolios and should not be interpreted as representing Citigroup's entire loan portfolio.

Citigroup’s broader asset-quality picture remains a concern. Although provisions for credit losses declined 2% year over year to $7.91 billion in the first nine months of 2026, the metric recorded a compound annual growth rate (CAGR) of 24.5% from 2022 to 2025. However, credit quality showed improvement in the third quarter, with the U.S. Cards net credit loss rate declining to 3.6% from 4.0% a year earlier. Management’s earlier 2026 guidance projected a U.S. card net credit loss rate of 4-4.5%, highlighting continued credit risks.

Citigroup's organizational overhaul, business simplification initiatives and focus on operational efficiency could support profitability over the longer term. However, persistent inflation, pressure on borrowers' repayment capacity and rising card losses could weigh on asset quality. Any sustained deterioration in credit trends may lead to higher provisions and constrain earnings growth, even as the company benefits from resilient net interest income and a stronger focus on core businesses.

How Citigroup Stacks Up Against Peers in Card DelinquencyU.S. credit card metrics were mixed in September 2026, with delinquency rates increasing at both Bank of America (BAC - Free Report) and JPMorgan Chase (JPM - Free Report) , although the latter's rate remained relatively low. Both issuers reported lower outstanding receivables, while net charge-off and loss rates improved compared with the previous month.

Bank of America reported that the BA Master Credit Card Trust II delinquency rate increased to 1.37% in September 2026 from 1.28% in August. However, its net charge-off rate declined to 2.09% from 2.15% in August, indicating some improvement in credit losses. Total receivables fell to $14.53 billion from $14.63 billion at the beginning of the month.

JPMorgan Chase reported a delinquency rate of 0.81% for the Chase Issuance Trust in September 2026, with $95.1 million in delinquent receivables against a pool balance of $11.81 billion. Its annualized net loss rate was 1.52%. Principal receivables declined to $11.65 billion from $11.84 billion at the beginning of the month.

Citigroup’s Price Performance & Zacks RankShares of Citigroup have gained 26.7% over the past year compared with the industry’s growth of 8.7%.

One-Year Performance

Image Source: Zacks Investment Research

Currently, C carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Singapore's domestic and overseas wealth pool has expanded steadily over the past ​year, with average assets among the country's ‌high-net-worth clients rising 6% to $1.5 million, a white paper prepared by Citi Wealth and independent ​research firm RFI Global showed on ​Thursday.

Assets among Singapore's affluent clients increased 5% ⁠to more than $565,000, according to the ​study, aimed at exploring how Singapore compares ​with other global wealth markets

The study found that mutual fund ownership among Singapore's high-net-worth investors has nearly ​tripled from 11% in 2022 to ​31% in 2026, the highest adoption level in Asia, ‌outpacing ⁠countries like India and South Korea

However, a large portion of portfolios remain held in cash, with 72% of onshore affluent assets ​and 74% ​of offshore ⁠booked assets concentrated in cash and liquid deposits

The findings were ​similar across other Asia hubs, reflecting ​investors' ⁠continued preference for liquidity

The study found Singapore leading in intergenerational wealth preparedness, with 76% ⁠of ​individuals aged 55 and ​above having established wills or wealth succession plans

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.67 per share, payable on November 25, 2026, to stockholders of record on November 2, 2026. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup's preferred stock as follows: – 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y, payable November 16, 2026, to holders of record on November 6, 2026. Holders of depositary rece.

On its third quarter of 2026 earnings call, held on Oct. 13, 2026, Citigroup (C +0.85%) reported net income of $5.2 billion. The bank's continuing structural overhaul cuts corporate overhead expenses to fund artificial intelligence upgrades and expand high-return corporate services. Three takeaways from management's comments stand out for long-term investors.

1. Severance Charges Fund Structural Cost Reductions and TechnologyManagement is trimming headcount across corporate functions to eliminate redundant expenses. Reinvesting those severance savings, which are job-termination payouts to outgoing staff, into modern technology platforms creates operational capacity for future business growth.

On a year to date basis, we have recognized over $1 billion of severance, largely across functions, technology and operations as we continue to drive structural efficiencies and bring down transformation expenses and stranded costs to create capacity for business growth.
-- Gonzalo Luchetti, Chief Financial Officer2. Artificial Intelligence Tools Actively Reduce Software Vendor ExpensesInternal deployment of automated coding software helps engineering teams to complete technical projects in-house rather than outsourcing work. That shift lowers external software supplier costs while accelerating product rollouts for corporate clients.

We have reduced our tech vendor spend by 30% year over year as a consequence, and that is still got a long way to run.
-- Jane Nind Fraser, Chair and Chief Executive Officer3. Asset Inflows Accelerate Fee Growth Across Wealth ManagementNet new investment assets, which represent fresh capital brought in by wealth clients, doubled year over year. There was also strong uptake among retail clients who transitioned to wealth products. Expanding client accounts builds steady fee streams that protect profitability against fluctuating interest rates.

We brought in $38 billion in net new investment assets this quarter, up over 100% from a year ago.
-- Jane Nind Fraser, Chair and Chief Executive OfficerLooking AheadThird-quarter revenue expanded 8% year over year as execution gained traction across global services and consumer cards segments. A global institutional network, blockchain and payment tokenization for digital assets growing to seven markets, and automated risk systems build operational scale. Management is watching trading seasonality, deposit competition, and capital regulation changes.

Our strategy is working, and we have a clear path to delivering higher, sustainable returns.
-- Gonzalo Luchetti, Chief Financial OfficerDisciplined expense controls and balance sheet allocation keep the bank aligned toward its long-term financial targets.

This quarter was another proof point of our consistent execution and delivery in the face of a dynamic environment.
-- Jane Nind Fraser, Chair and Chief Executive OfficerCitigroup is an advertising partner of Motley Fool Money. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Citigroup Inc. (NYSE:C – Get Free Report) was the target of some unusual options trading on Wednesday. Traders purchased 64,187 put options on the stock. This is an increase of 26% compared to the typical volume of 51,097 put options.

Institutional Investors Weigh In On Citigroup Several large investors have recently modified their holdings of the business. Paladin Partners LLC acquired a new position in shares of Citigroup in the second quarter worth $27,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Citigroup during the second quarter worth $29,000. Whipplewood Advisors LLC purchased a new stake in shares of Citigroup during the first quarter worth $25,000. TD Capital Management LLC acquired a new stake in shares of Citigroup in the fourth quarter valued at $28,000. Finally, IMG Wealth Management Inc. raised its stake in shares of Citigroup by 197.6% in the first quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 1.6% C stock opened at $122.53 on Thursday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market capitalization of $208.99 billion, a PE ratio of 11.95, a P/E/G ratio of 0.55 and a beta of 1.13. The firm’s 50-day moving average is $133.16 and its 200 day moving average is $131.71. Citigroup has a 12 month low of $95.00 and a 12 month high of $147.96.

Citigroup (NYSE:C – Get Free Report) last issued its earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.19. The business had revenue of $23.84 billion during the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. Citigroup’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 EPS. On average, research analysts anticipate that Citigroup will post 11.19 EPS for the current year. Citigroup Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a $0.67 dividend. The ex-dividend date was Monday, August 3rd. This is an increase from Citigroup’s previous quarterly dividend of $0.60. This represents a $2.68 annualized dividend and a dividend yield of 2.2%. Citigroup’s dividend payout ratio is presently 28.94%.

Wall Street Analysts Forecast Growth C has been the topic of several recent analyst reports. Argus set a $150.00 target price on shares of Citigroup in a research note on Wednesday, July 15th. Zacks Research cut shares of Citigroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Wall Street Zen cut shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Truist Financial cut their price target on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Citigroup in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Citigroup currently has an average rating of “Moderate Buy” and an average target price of $150.79.

Get Our Latest Stock Report on Citigroup

Trending Headlines about Citigroup Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Citigroup reported third-quarter earnings of $2.85 per share, above the roughly $2.65 analyst consensus, while revenue rose 7.9% year over year to approximately $23.85 billion. Net income increased 40% to $5.2 billion, supported by growth in Services, Wealth and Markets. Citi profit jumps 40% with higher investment banking, services and wealth revenue Positive Sentiment: Management raised its 2026 profitability outlook, citing strong Services growth, AI-driven efficiency gains and disciplined capital deployment. Citi also increased shareholder returns through dividends and share repurchases, with approximately $4.1 billion returned during the quarter. Citigroup Q3 Earnings Call Highlights Higher Return Outlook and AI Gains Positive Sentiment: Loan growth and deposits remained healthy, while Citi’s fixed-income trading results were stronger than expected. These trends support the bank’s turnaround and restructuring efforts. Neutral Sentiment: Royal Bank of Canada lowered its price target from $150 to $135 but maintained an “Outperform” rating, implying potential upside from recent levels. RBC lowers Citigroup price target Negative Sentiment: Investors questioned how durable the beat was because trading and investment-banking gains may cool from unusually strong prior-quarter levels. Management also indicated that fourth-quarter trading revenue could decline sharply, while deal activity has moderated. Citi Stock Falls Despite Earnings Beat Negative Sentiment: Higher credit-loss provisions, rising reserves, a flat U.S. card business and concerns about capital ratios added to investor caution. Several analysts subsequently reduced their price targets or downgraded the stock to Hold. Negative Sentiment: Unusually heavy put-option activity and elevated Treasury yields are reinforcing a cautious view of bank stocks. Regulatory scrutiny of large banks’ “debanking” practices is an additional potential overhang for Citigroup. About Citigroup (Get Free Report)

Citigroup Inc is a global financial services company headquartered in New York City and listed on the New York Stock Exchange under the symbol C. Through its subsidiaries and businesses, Citi provides banking, lending, investment, payments, wealth management and other financial services to consumers, businesses, governments and institutional clients.

Citi’s principal businesses include Services, which supports institutional clients with treasury, trade, securities services and related solutions; Markets, which provides sales, trading, research and financing services; Banking, which offers investment banking and corporate banking; and Wealth, which provides private banking and wealth management.

Further Reading Five stocks we like better than Citigroup Tesla Wants to Make Its Own Chips—What Could Go Wrong? IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver? PBF Energy’s Stunning Rally Faces a Critical Test Citi Stock Falls Despite Earnings Beat: What Investors Need to Know Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

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Citigroup Inc. exceeded Q3 earnings and revenue expectations, but shares declined 5.6% and are down 11% over three months. I downgrade C stock to a Hold, citing macroeconomic headwinds, rising borrowing costs, and net interest income compression risks. Loan growth remains robust at 3.3% for Q3 and nearly 12% year-over-year, with deposits up almost 9% year-over-year.

Key Takeaways C raises its 2026 RoTCE outlook above 11%, supported by business momentum and improving efficiency.C's Services revenues rise 15% to $6.6 billion, while deposits grow 16% and RoTCE reaches 31.2%.Citigroup's AI tools accelerate product launches by 30-40%, while technology vendor spending declines 30%. Citigroup Inc. (C - Free Report) raised its 2026 profitability outlook during the third-quarter earnings call, citing sustained business momentum, improving operating efficiency and disciplined capital deployment. Management also addressed investor concerns about fourth-quarter seasonality and future capital requirements.

The bank reported earnings of $2.85 per share, surpassing the Zacks Consensus Estimate of $2.66. Revenues of $23.85 billion beat the consensus estimate of $23.66 billion.

Citi Raises Its 2026 Returns OutlookChief Financial Officer Gonzalo Luchetti raised the full-year return on tangible common equity (RoTCE) outlook to above 11%, up from the earlier 10-11% target range.

Management expects net interest income excluding Markets to grow in the mid-to-high 6% range in 2026, supported by client activity and deposit growth. The full-year efficiency ratio is expected to remain below 60%.

During questioning from Truist Securities and Wells Fargo Securities analysts, Luchetti cautioned that fourth-quarter Markets revenues could decline more than the typical 20% sequentially. He attributed the expected moderation to seasonal trading patterns rather than unusual business deterioration.

C Balances Buybacks With Capital RequirementsCiti returned $4.1 billion to common shareholders during the quarter, including approximately $3 billion through repurchases. Its Common Equity Tier 1 capital ratio stood at 12.8%.

In exchanges with UBS and Morgan Stanley analysts, Luchetti reaffirmed the directional 13.1% capital target, with an anticipated regulatory minimum of 12.1% in January 2028.

He emphasized that the capital trajectory reflects existing regulations. Potential Basel III and other regulatory revisions could change future requirements, while capital deployment must balance shareholder distributions with business growth.

Citi's Services Franchise Sustains Strong GrowthChief Executive Officer Jane Fraser emphasized the strength of Services, where revenues increased 15% year over year to $6.6 billion. Average deposits increased 16%, while RoTCE reached 31.2%.

Fraser attributed the performance to deeper institutional relationships, new client mandates and growing demand for cross-border payments and liquidity solutions. She highlighted opportunities among fintech companies and digital-asset participants.

During analyst discussions, management acknowledged that deposit growth should moderate over time. Nevertheless, Fraser emphasized continued technology investment and the franchise's ability to attract clients with limited attrition.

C Sees Momentum in Markets, Banking and WealthMarkets revenues increased 6%, supported by 14% growth in Equities and 4% growth in Fixed Income. Fraser identified prime services as a priority, with balances increasing more than 40%.

Banking revenues increased 6%, including loan-hedging impacts. Investment Banking benefited from 77% growth in equity underwriting fees, although Corporate Lending faced pressure from narrower loan spreads.

Wealth revenues advanced 15%, while net new investment assets reached $38 billion. During an Evercore ISI exchange, Luchetti attributed slower investment-fee growth partly to earlier strategic decisions and reiterated confidence in reaching Wealth's 15-20% near-term RoTCE target.

Citi Expands AI Investment and AutomationFraser described artificial intelligence as an increasingly important contributor to operational efficiency, product development and customer service.

She reported that AI-enabled processes have accelerated product launches by approximately 30-40%. Additionally, 14,000 engineers use the company's agentic coding platform, while technology vendor spending has declined 30% year over year.

Responding to a Wells Fargo Securities analyst, Fraser stated that financial benefits from AI and automation have substantially exceeded related investments year to date. She also emphasized cybersecurity safeguards and dismissed concerns about significant Services deposit flight resulting from AI-driven competition.

C Maintains Its Focus on Sustainable ReturnsManagement's broader message centered on improving profitability while funding technology, talent and client-focused growth. Fraser reiterated Citi's 11-13% near-term RoTCE objective and longer-term ambition of sustainable 14-15% returns.

Execution priorities include maintaining expense discipline, expanding higher-return businesses and completing legacy divestitures. Management continues to balance those objectives against capital requirements and changing economic conditions.

Citi's Zacks Rank and Style Scores Signal CautionCiti currently carries a Zacks Rank #3 (Hold), reflecting a neutral near-term earnings estimate revision outlook. Its Value Score of D, Growth Score of D and Momentum Score of F indicate relatively unfavorable characteristics across these investment styles. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The stock's VGM Score of F further indicates a weak combined value, growth and momentum profile. This combination falls outside the higher-ranked stocks with favorable Style Scores typically emphasized by the Zacks methodology. The Zacks Rank can change as analysts revise earnings estimates following the latest quarterly results.

Key Takeaways Citigroup's Q3'26 earnings of $2.85 per share beat estimates, but shares fell nearly 2.9% in early trading.C's net interest income rose 13.7%, while expenses fell 2.4%, boosting profitability and operating efficiency.C's credit loss provisions rose 5.6% to $2.59 billion, while its CET1 capital ratio declined to 12.8%.
Citigroup Inc. (C - Free Report) reported third-quarter 2026 earnings per share of $2.85, which surpassed the Zacks Consensus Estimate of $2.66. In the prior-year quarter, the company reported earnings per share of $2.24.

The company’s results benefited from higher net interest income (NII), growth across four core businesses and positive operating leverage. However, higher credit loss provisions and lower fee income acted as offsetting factors. Given these concerns, C shares lost nearly 2.9% in the early trading session. A full day’s trading session will depict a clearer picture.

Net income in the quarter was $5.25 billion, up 39.8% from the prior-year quarter.

C’s Revenues Increase, Expenses DeclineRevenues, net of interest expenses, were $23.85 billion in the third quarter of 2026, up 7.9% year over year, marking the company's highest third-quarter revenues in a decade. The top line surpassed the Zacks Consensus Estimate of $23.66 billion.

NII increased 13.7% year over year to $16.98 billion, driven by growth in Markets, Services, Wealth and U.S. Consumer Cards.

Non-interest revenues declined 4% year over year to $6.86 billion, primarily due to weakness in Markets and U.S. Consumer Cards.

Citigroup's operating expenses declined 2.4% year over year to $13.95 billion. The decrease mainly reflected the absence of the prior-year Banamex goodwill impairment charge and lower professional services expenses. However, higher transactional and product servicing costs, deposit insurance expenses and compensation partially offset the decline.

The efficiency ratio improved to 58.5% from 64.7% in the year-ago quarter. A decline in the efficiency ratio indicates improvement in profitability.

Citigroup’s Segmental PerformanceIn the Services segment, revenues were $6.61 billion, up 15% year over year. The increase reflected growth in Treasury and Trade Solutions and Securities Services.

The Markets segment’s revenues increased 6% to $6.11 billion, driven by growth in Fixed Income and Equity markets revenues.

Banking revenues increased 6% to $1.74 billion, primarily driven by Investment Banking revenues, which grew 9%. Equity underwriting revenues surged 77%, while Advisory and Debt underwriting revenues declined 4% and 3%, respectively.

In the Wealth segment, revenues were $3.27 billion, climbing 15% year over year. The increase was driven by growth across Citigold and Retail Banking, the Private Bank and Wealth at Work.

U.S. Consumer Cards revenues remained relatively flat at $4.66 billion. Higher NII was offset by increased partner payment accruals and rewards costs.

In the All Other segment, on a managed basis, revenues declined 3% year over year to $1.43 billion.

C’s Balance Sheet Position SolidAt the end of the third quarter of 2026, Citigroup's deposits increased nearly 1% to $1.51 trillion on a sequential basis. Its loans rose 3.3% from the prior quarter to $819.7 billion, reflecting continued lending activity across its businesses.

Citigroup’s Credit Quality: Mixed BagTotal non-accrual loans decreased 12% year over year to $3.3 billion. Total allowance for credit losses was $22.4 billion at quarter-end, down from $23.8 billion in the prior-year period.

Provisions for credit losses and benefits and claims increased 5.6% year over year to $2.59 billion. This reflected $2.22 billion of net credit losses and a net reserve build of $369 million, primarily driven by changes in the macroeconomic outlook and portfolio growth.

C’s Capital Position WeakAt the end of the reported quarter, Citigroup's Common Equity Tier 1 capital ratio was 12.8%, down from 13.3% in the year-ago quarter. The company’s supplementary leverage ratio in the reported quarter was 5.0%, down from the prior-year quarter’s 5.5%.

Citigroup’s Capital DeploymentDuring the quarter, Citigroup returned approximately $4.1 billion to common shareholders through share repurchases and dividends. The company also increased its quarterly common stock dividend by 12% to 67 cents per share.

Our Viewpoint on CCitigroup’s third-quarter 2026 results reflected solid business momentum, supported by higher NII, strong performance in Services and Wealth and positive operating leverage. Growth in Markets and Banking was also encouraging, while improved operating efficiency and profitability underscored disciplined execution. However, higher credit loss provisions and pressure on capital ratios remain concerns.

On the strategic front, Citigroup completed the sale of the remaining 1.4% of its planned 24% equity stake sale in Banamex, reducing its ownership to 51%. The company expects Banamex's deconsolidation in early 2027, with the overall process expected to be slightly accretive to its CET1 capital ratio. The planned acquisition of Kard is also expected to strengthen its customer engagement capabilities.

Reflecting confidence in its growth prospects, management expects to exceed its 2026 return on tangible common equity (ROTCE) target of more than 11%. Further, it aims to achieve ROTCE of 11-13% during 2027-2028 and 14-15% over the medium term. Continued investments in technology and AI, coupled with disciplined expense management and capital optimization, are expected to drive profitability and improve returns over time.

Citigroup Inc. Price, Consensus and EPS SurpriseCurrently, Citigroup carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings Dates & Expectations of Other BanksU.S. Bancorp (USB - Free Report) is scheduled to report its third-quarter 2026 results on Oct. 15.

The Zacks Consensus Estimate for U.S. Bancorp’s quarterly earnings has remained unchanged at $1.32 per share over the past seven days. This indicates an 8.2% increase from the prior-year quarter’s reported figure.

M&T Bank (MTB - Free Report) is slated to report third-quarter 2026 numbers on Oct. 16.

Over the past week, the Zacks Consensus Estimate for M&T Bank’s quarterly earnings has been revised downward to $4.98 per share, indicating a 2.3% increase from the prior-year quarter’s reported figure.

Citigroup Inc (NYSE:C) reported third-quarter earnings and revenue that topped analyst expectations on Tuesday, driven by double-digit growth in its services and wealth businesses. 

The bank posted adjusted earnings of $2.85 per share, up 27% from a year earlier and ahead of the $2.66 analysts had forecast.  

Revenue rose 8% to $23.8 billion, compared with the $23.72 billion estimate. Net income was $5.2 billion. 

Services and wealth each grew revenue 15%, to $6.6 billion and $3.3 billion respectively. Markets revenue rose 6% to $6.1 billion, led by fixed income, which gained 4% to $4.4 billion. Equity markets revenue came in at $1.7 billion, slightly below the $1.73 billion estimate. Investment banking revenue climbed 9% to $1.4 billion. 

Banking revenue rose 6% to $1.7 billion, while US personal banking was flat at $4.7 billion. Average loans grew 12% to $809 billion, and end-of-period deposits increased 9% to about $1.5 trillion. 

Return on equity reached 10.1%, up 300 basis points, and return on tangible common equity was 11.5%, up 350 basis points. The efficiency ratio stood at 58.5%. Net credit losses were flat at $2.2 billion, and the provision for credit losses was $2.6 billion. 

Citigroup’s CET1 capital ratio was 12.8%, unchanged from the prior quarter. The bank returned about $4.1 billion to shareholders, an 85% payout ratio. Tangible book value per share rose 6% to $101.59, while book value per share was $115.61, below the $116.02 estimate. 

The year-ago quarter included a $726 million goodwill impairment tied to the sale of its Banamex stake. 

Shares of Citigroup lost about 2.4% on Tuesday morning. 

Citigroup dropped its "overweight" call on US equities and closed its long position in ​the S&P 500 Equal Weight index (.EWGSPC) ‌on Tuesday, saying it is taking some risk off the table as signs of market exuberance ​build.
Here are some details:

The brokerage said ​its POLLS indicator, which tracks positioning, optimism, ⁠liquidity, leverage and stress, recently reached ​levels that have historically coincided with market peaks

"We ​tactically take some risk off the table," the brokerage said

The S&P 500 Equal Weight index tracks the ​same 500 companies as the traditional ​S&P 500 (.SPX) but gives each stock roughly equal weight, ‌reducing ⁠the influence of mega-cap companies and offering a broader gauge

The move reflects growing caution over stretched market sentiment, although Citi stopped ​short of turning ​bearish ⁠on stocks

Citi said it is growing more cautious on equities as ​market gains appear increasingly vulnerable to ​signs ⁠of trouble, although it is not advocating a broad flight to safety

Conversely, Goldman Sachs upgraded ⁠global equities ​to "overweight" on Monday, citing ​more attractive valuations following the recent market pullback

13.10.2026 16:31, WDC, C, MU, JPM, GS, WFC

Index Dow Jones +0,31 % na 52010,02 b., S&P 500 +0,03 % na 7809,9 b., Nasdaq Composite -0,03 % na 27238,51 b.

V úvodu seance se přední americké indexy obchodují smíšeně.

Americká banka Citigroup (-1,37 %) oznámila výsledky za 3. čtvrtletí 2026. Výnosy Citi dosáhly 23,85 mld. USD při očekávání 23,72 mld. USD. Čisté úrokové výnosy činily 16,98 mld. USD nad očekáváním 16,64 mld. USD. Výnosy z obchodování dluhopisů, měn a komodit (FICC) reportovala Citi ve výši 4,39 mld. USD při analytických odhadech 4,26 mld. USD. Obchodování s akciemi bance vyneslo 1,73 mld. USD, což nedosahuje na analytický konsensus ve výši 1,78 mld. USD. Výnosy z investičního bankovnictví dosáhly 1,35 mld. USD. Rentabilita hmotného vlastního kapitálu (ROTCE) dosáhla 11,5 % při očekávání 10,7 %. Ukazatel kapitálové přiměřenosti CET1 byl 12,8 %.

Další bankou, která otevřela americkou výsledkovou sezónu, byla Wells Fargo (-2,24 %). Celkové výnosy bankovního domu dosáhly 21,87 mld. USD, přičemž očekávání trhu bylo 22,31 mld. USD. Čisté úrokové výnosy dosáhly 12,52 mld. USD při odhadech 12,59 mld. USD. Výnosy ze spotřebitelského bankovnictví a úvěrování činily 10,66 mld. USD, komerční bankovnictví vygenerovalo 3,24 mld. USD, korporátní a investiční bankovnictví dosáhlo 5,01 mld. USD a správa majetku 4,10 mld. USD.

Před otevřením trhu reportovala také investiční banka Goldman Sachs (+1,7 %). Ta vykázala čisté výnosy ve třetím kvartálu 18,68 mld. USD. Čisté úrokové výnosy banky dosáhly 3,77 mld. USD při očekávání Wall Street 3,61 mld. USD. Výnosy ze segmentu globálního bankovnictví a trhů činily 13,46 mld. USD. Trh očekával 11,8 mld. USD. Výnosy z divize obchodování dluhopisů, měn a komodit (FICC) vzrostly na 3,23 mld. USD při očekávání analytiků 3,72 mld. USD. Divize obchodování s akciemi vykázala výnosy 6,44 mld. USD, čímž předčila odhady trhu ve výši 5,09 mld. USD. Výnosy z divize investičního bankovnictví byly 3,23 mld. USD nad odhady 2,86 mld. USD.

Výsledky zveřejnila také JPMorgan (+0,41 %), zprávu k výsledkům připravujeme. Dále dnes před otevřením trhu reportovaly například společnosti UnitedHealth Group (-0,96 %) a Johnson & Johnson (-5,1 %). Kompletní kalendář společností z námi sledovaných trhů, které zveřejní hospodářské výsledky tento týden, naleznete zde.

Významně dnes odepisují akcie společnosti Western Digital (-4,3 %). Analytik Timothy Arcuri z UBS snížil cílovou cenu akcií Western Digital z 525 USD na 470 USD. Investiční doporučení ponechal na stávajícím stupni „Neutral“. Ztrácí v úvodu také akcie společnosti Micron (-4,53 %), když Elon Musk označil na síti X čínského výrobce pamětí CXMT jako seriózního hráče.

Index S&P 500 +0,03 % na 7809,9 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Energie +1,1 % Zdravotní péče -0,7 % Komunikační služby +1,1 % Průmysl -0,4 % Zbytná spotřeba +0,6 % Utility -0,2 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Cognizant Technology Solutions Corp (CTSH) +3,9 % Western Digital Corp (WDC) -5,4 % Salesforce (CRM) +3,9 % Seagate Technology Holdings (STX) -5,2 % HP (HPQ) +3,5 % Micron Technology (MU) -4,3 % Veeva Systems (VEEV) +3,5 % Flex (FLEX) -4,0 % Valero Energy Corp (VLO) +3,0 % Johnson & Johnson (JNJ) -3,9 % Zdroj: Bloomberg

Jan Prokeš
Fio banka, a.s.
Prohlášení

Citigroup (C.N) beat Wall Street estimates for third-quarter profit on Tuesday, helped by stronger investment banking revenue and transactions with multinational companies as well as higher earnings from wealth management.

Trading profits gained only 2% over a year ago, but fell 27% against the ​previous quarter, mainly due to a drop in equity trading revenue.

Wall Street banks are navigating a volatile market backdrop as the conflict in Iran pushed oil prices higher, fueling inflation and prompting ‌the US Federal Reserve to raise interest rates and bond markets worldwide to sell off dramatically.

"There is no doubt that high interest rates and the threat of continued Fed hikes is weighing on trading and IB activity in a measurably negative vector," said Brian Mulberry, chief market strategist at Zacks Investment Management.

"However, the ability for Citi to drive positive growth from multiple business units is the strength of the balance sheet today, growth in Services, Wealth, and strong NII will offset short term weakness in trading to support continued ROTCE at or ​above the targeted 11% going into 2027."

Shares of the bank were down 0.4% in early trading after the results. Citi's shares have risen 13% this year, outperforming the broader bank stock index (.BKX).

Citi's investment banking revenue increased ​9% from a year ago to $1.35 billion but fell 13% over the previous quarter as equity and debt underwriting activity slowed. Citi's CFO Gonzalo Luchetti said the bank gained market ⁠share over the last year, but also went through the industry slowdown in the third quarter from the record deal volume in the first half of the year.

"I think across the industry, there's a moderate decline from that ​in terms of the growth rate in the third quarter," Luchetti told reporters during a conference call.

Citigroup posted an 11.5% return on tangible common equity, or ROTCE, in the third quarter and a year-to-date return of 12.6%, ahead of its ​11% target.

"We expect to exceed this year's return target, even as we pull forward investments toward our 11-13% near-term goal — the next waypoints on our path to sustainable returns of 14-15%," CEO Jane Fraser said in a statement.

Rival JPMorgan Chase's (JPM.N) third-quarter profit increased on Tuesday, while Wells Fargo's (WFC.N) profit rose, helped by growth in its loan book and higher interest income.

Citi reported a profit of $2.85 per share in the third quarter, compared with analysts' average estimate of $2.66 per share, according to data compiled by LSEG.

The bank said it has returned $4.1 billion to shareholders ​including buybacks and dividends in the third quarter, accumulating share repurchases of $13.3 billion this year.

Bank stocks have come under pressure in recent weeks as a sharp rise in bond yields raised concerns that higher borrowing and funding costs could ​weigh on loan growth and dealmaking.

INVESTMENT BANKING, TRADING REVENUE SLOWS FROM Q2
Global investment banking revenue exceeded $90 billion in the first nine months of the year and Citi was placed fifth among global banks by fees during the period, according to Dealogic.

Citi's banking revenue, ‌which includes ⁠corporate lending, was up 6%, at $1.74 billion. But equity and debt issuance slowed late in the quarter.

US government bond yields rose to multi-decade highs in September, affecting capital markets. Companies such as Oura Ring, Holtec Nuclear and SB Energy postponed planned IPOs.

Citigroup's equity underwriting revenue fell 19% from the second quarter, though still 77% higher compared to a year earlier.

Markets were volatile in the third quarter and trading revenue rose 6% compared to a year ago to $6.11 billion. Revenue with equities trading rose 14%, while fixed-income trading revenue was up 4%.

But the bank had 13% lower trading revenue compared with the second quarter. Those trading revenues were off this quarter as fixed income and commodities revenues were down (that has impacted every ​bank report this morning as well)," Mulberry said.

Services had the ​highest growth in the third quarter among Citi's ⁠five businesses, with 15% higher revenue and 27% profit growth. Wealth management also grew revenue by 15% and increased client assets by the same percentage.

LOWER PROFITS WITH CREDIT CARDS
Citi's profit from credit cards fell 8% in the third quarter from a year earlier. Clients spent 13% more and took 9% higher loan volumes as the US economy has continued to expand at a solid ​pace, supported by resilient consumer spending and business investment.

But Citi's profit from cards fell due to higher reward costs and payments to partners, as well as credit provisions.

Loss provisions ​in its US consumer cards segment ⁠were $1.9 billion in the quarter, 4% above a year ago, as borrowers deal with moderating wage growth, inflation and higher interest rates. Luchetti said the reserve increases were deliberate. "We think it reflects prudence and helps us solve for a range of potential macro outcomes in a dynamic environment," he added.

The New York-based bank is nearing the end of a multi-year restructuring in which it sold international businesses, simplified the organization and worked on fixing compliance, controls and data deficiencies.

Citi is seeking to rapidly resolve its efforts ⁠to address regulatory ​demands that have long dogged the bank, in order to fully refocus on growth.

The last divestment to be completed is of its Mexican unit Banamex. ​Citi now owns 51% of Banamex and expects to take it out of its balance sheet and list it on the stock exchange next year.

Profit increased to $5.25 billion, or $2.85 per share, in the three months ended September 30, the third-largest US lender reported. This compares with $3.8 billion, or $1.86 per ​share, a year earlier. But the bank's net income was 10% lower in the third quarter compared to the second.

Podobně jako JP Morgan či Goldman Sachs se se svými výsledky hospodaření za třetí čtvrtletí vytáhla také Citigroup. Ta předčila odhady jak v případě zisku, tak i tržeb. Banka navíc zaznamenala jeden z nejlepších výsledků svého obchodování s dluhopisy za posledních nejméně deset let. Akcie v bezprostřední reakci vykazovaly mírný pokles o necelé procento.

Upravený zisk na akcii vzrostl ve třetím kvartálu meziročně o 27 procent na 2,85 dolaru, zatímco trh počítal s 2,66 dolaru. Tržby byly meziročně o osm procent vyšší, když dosáhly 23,8 mld. USD při konsenzu 23,72 mld. USD.

Zmíněné výnosy z obchodování s dluhopisy, měnami a komoditami (FICC) dosáhly 4,4 miliardy dolarů, čímž o sto milionů překonaly konsenzus analytiků. A k silným výsledkům přispěla také divize Services, jež pomáhá firmám a vládám se správou a přesuny peněz. Její tržby meziročně vzrostly o 15 procent na 6,6 mld. USD.

Na druhé straně slabší čtvrtletí si připsalo investiční bankovnictví – příjmy z poradenství při fúzích a akvizicích klesly o čtyři procenta.

Investoři bedlivě sledují výsledky dluhopisových obchodních divizí, protože jde o jeden z hlavních zdrojů zisků velkých bank. Objevují se totiž obavy, že by rostoucí úrokové sazby a zpomalení aktivity v oblasti fúzí a akvizic mohly jejich výkonnost utlumit. Citigroup má druhou největší FICC platformu na Wall Street, a tento segment je proto pro banku mimořádně důležitý.

Dosavadní výsledky naznačují, že banka se s náročným prostředím vyrovnává lépe než někteří konkurenti. JPMorgan totiž oznámila překvapivý pokles příjmů z obchodování s dluhopisy, první za více než dva roky, upozornila agentura Bloomberg. V případě Citi táhly výsledky zejména aktivity v oblasti úvěrového financování v rámci divize spreadových produktů, zatímco obchodování s úrokovými sazbami zaznamenalo pokles.

Některé investory v červenci znepokojilo oznámení, že Citi urychlí část nákladů kvůli hlubšímu propouštění a investicím do technologií ve druhé polovině roku. Ve třetím čtvrtletí však banka udržela náklady pod kontrolou. Neúrokové náklady činily 14 mld. USD, zatímco analytici očekávali 14,4 mld. USD.

Citigroup rovněž pokračuje v přípravách na vstup své mexické retailové banky Banamex na burzu. Společnost již vybrala poradenské banky pro plánovanou nabídku akcií, v jejímž rámci hodlá v následujících měsících prodat většinu svého podílu. Jde o završení dlouholeté strategie CEO Jane Fraserové zaměřené na omezení retailových aktivit mimo Spojené státy.

12.10.2026 13:26

Hlavní pozornost v tomto týdnu bude směřovat například na výrobce litografických zařízení ASML, americké banky JPMorgan Chase, Goldman Sachs, Citigroup, Wells Fargo a farmaceutického giganta Johnson & Johnson.

Přehled vybraných společností reportujících své výsledky v tomto týdnu (zdroj: síť X - Earnings Whispers)

Pondělí (12. října) USA (před trhem): Liberty Live Holdings

Úterý (13. října) USA (před trhem): Johnson & Johnson, Domino's Pizza, Albertsons Companies, UnitedHealth Group, Wells Fargo, JPMorgan Chase, Goldman Sachs, Citigroup

Středa (14. října) Evropa (před trhem): ASML

USA (před trhem): Progressive Corporation, BlackRock, Bank of America, Fastenal, Morgan Stanley, State Street Corporation

Čtvrtek (15. října) Evropa (před trhem): Nordea

USA (před trhem): Marsh & McLennan, Charles Schwab, Prologis, U.S. Bancorp, Bank of New York Mellon Corporation, First Horizon Corporation, PNC Financial Services Group

USA (po trhu): Interactive Brokers Group, Alcoa, J.B. Hunt Transport Services

Pátek (16. října) USA (před trhem): Regions Financial Corporation, Truist Financial Corporation, Travelers Companies, Citizens Financial Group, M&T Bank

Jako každé čtvrtletí jsme pro vás připravili podrobný kalendář pro USA.

Zdroj: Bloomberg, Earnings Whispers

Jan Prokeš
Fio banka, a.s.
Prohlášení

Key Takeaways Citigroup is expected to report Q3'26 revenues of $23.66 billion, suggesting a year-over-year rise of 7.1%.C's NII is expected to rise 11.1% to $16.6 billion, supported by continued loan growth.C targets $2-$2.5 billion in annualized savings by year-end through simplification and productivity gains. Citigroup Inc. (C - Free Report) is slated to report third-quarter 2026 results on Oct. 13, before market open.

In the first six months of 2026, Citigroup witnessed increases in net interest income (NII) and non-interest revenues. Building on this momentum, the globally diversified financial services holding company is expected to report year-over-year growth in both earnings and revenues for the third quarter.

The Zacks Consensus Estimate for third-quarter revenues is pegged at $23.66 billion, indicating a 7.1% year-over-year increase.

The consensus estimate for earnings for the to-be-reported quarter has been revised downward to $2.66 over the past seven days. The figure indicates 18.8% growth from the prior-year quarter.

Estimate Revision Trend
Image Source: Zacks Investment Research

The company also has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in the trailing four quarters, the average surprise being 14.68%.

Earnings Surprise History
Image Source: Zacks Investment Research

Major Factors to Impact Citigroup’s Q3 ResultsNII: In mid-September 2026, the Federal Reserve raised its interest rates by 25 basis points to 3.75%-4%, citing persistently elevated inflation. This is less likely to have much impact on the company’s NII and margin.

Meanwhile, lending activity remained impressive in the first two months of the third quarter, building on the momentum witnessed in the first half of 2026. Per the Fed’s latest data, commercial and industrial loan growth was healthy during the period, while consumer and real estate lending remained steady. Thus, continued loan growth is expected to have supported Citigroup’s NII by expanding the interest-earning asset base while funding and deposit costs stabilized.

The Zacks Consensus Estimate for NII is pinned at $16.6 billion, suggesting an 11.1% year-over-year rise.

Fee Income: Following a record-setting first half, global merger and acquisition (M&A) activity slowed during the third quarter as geopolitical tensions and macroeconomic uncertainties weighed on deal-making. Rising borrowing costs, persistent inflation and valuation gaps also remained headwinds. Despite these challenges, strategic acquirers continued to pursue transactions focused on expanding scale, enhancing operational resilience and strengthening competitive positioning.

The third quarter saw healthy initial public offering (IPO) and equity issuance activity, despite some moderation from strong second-quarter levels. Debt issuance also remained solid, supported by corporate refinancing and continued investor demand. These trends are expected to have supported C’s underwriting revenues, which accounted for nearly 69% of Investment Banking (IB) revenues in the first six months of 2026. Management guided for third-quarter 2026 IB revenues to increase in the low single digits year over year, with some upside depending on deals that closed toward the end of the quarter.

The company also expects third-quarter 2026 trading activity to be healthy, with continued momentum across key trading businesses, particularly in equities, derivatives, financing and foreign exchange. Strength across these businesses is expected to have further supported Citigroup's markets revenues during the quarter. Management expects third-quarter 2026 markets revenues to grow in the mid-single digits from the prior-year period. The Zacks Consensus Estimate for markets revenues is $6.1 billion, implying a 9.1% year-over-year rise.

The Zacks Consensus Estimate for income from commissions and fees is pinned at $2.9 billion, which indicates a 2.1% year-over-year rise. The consensus estimate for income from principal transactions is pegged at $3.1 billion, suggesting a 10.1% increase year over year. Also, the Zacks Consensus Estimate for administration and other fiduciary fees is $1.2 billion, implying a rise of 5% year over year.

The Zacks Consensus Estimate for total non-interest income for the third quarter of 2026 is pegged at $7.2 billion, suggesting a marginal year-over-year increase.

Expenses: Though Citigroup is focused on lowering expenses through organizational simplification, cost reductions and productivity savings, continued investments in business transformation efforts, technology and controls, along with higher business-related expenses, are likely to have kept the expense base elevated in the third quarter of 2026. In addition, management expects U.S. Consumer Cards expense growth to outpace revenues, limiting near-term margin expansion.

Asset Quality: After setting aside a decent amount for potential loan losses in the first half of 2026, Citigroup is likely to have increased reserve building in the to-be-reported quarter, as the recent Fed rate hike and expectations of another hike later this year could weigh on borrowers’ repayment capacity.

The Zacks Consensus Estimate for non-accrual loans is pegged at $3.72 billion, indicating a rise of 1.1% from the prior-year quarter.

What Our Model Unveils for COur proven model conclusively predicts an earnings beat for Citigroup this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is exactly the case here, as you can see below.

Citigroup has an Earnings ESP of +0.36%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

The company carries a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Citigroup’s Price Performance & ValuationIn the third quarter of 2026, C shares plunged 7.5% compared with the industry’s 2.9% decline. Among its peers, shares of Bank of America (BAC - Free Report) and Wells Fargo (WFC - Free Report) lost 4.5% and 3.2%, respectively, during the same period.

Third-Quarter Price Performance
Image Source: Zacks Investment Research

Wells Fargo is scheduled to report its quarterly results on Oct. 13, the same day as Citigroup, while Bank of America is set to announce its results on Oct. 14.

Now, let us look at the value that Citigroup offers investors at the current levels. C is trading at 10.14X forward 12-month earnings, below the industry’s forward price/earnings (P/E) multiple of 12.76X. The company’s valuation looks inexpensive compared with the industry average.

Price-to-Earnings F12M
Image Source: Zacks Investment Research

Citigroup’s stock is also trading at a discount compared with Bank of America’s P/E of 10.46X and Wells Fargo's P/E of 10.26X.

Investment Thesis for CitigroupCitigroup is making steady progress in streamlining its operations, with its multi-year exit from non-core international consumer banking nearing completion. The sale of its Polish consumer business in June 2026 marked the final international consumer divestiture, apart from the wind-down of its Korean operations and the ongoing Banamex divestiture. The company currently holds a 51% stake in Banamex and expects to complete its deconsolidation in early 2027, potentially followed by an IPO, which could release approximately $5 billion in capital. These efforts are expected to reduce operational complexity, free up capital and enable Citigroup to allocate more resources to its core businesses. As the remaining exits and wind-downs conclude, lower stranded costs and more focused capital allocation are likely to strengthen its ability to generate sustainable returns.

Alongside its business simplification efforts, C remains focused on expense discipline and operational efficiency. It is reducing management layers, expanding spans of control and optimizing its workforce, with headcount declining to 219,000 as of June 30, 2026, from 230,000 a year earlier. These measures resulted in more than $800 million in severance costs during the first half of 2026. Meanwhile, investments in technology and artificial intelligence (AI), combined with process simplification, platform consolidation and increased automation, are expected to enhance long-term productivity.

Collectively, these initiatives are anticipated to generate $2-$2.5 billion in annualized savings by the end of 2026, supporting management's full-year efficiency ratio target. Improving operational efficiency, along with stronger business performance, is expected to support profitability, with management projecting full-year 2026 return on tangible common equity to exceed 11%, above its previous 10-11% target.

Beyond its efficiency initiatives, the company continues to strengthen its core businesses and deepen customer relationships. In August 2026, it agreed to acquire Kard Financial to enhance personalized rewards and merchant-funded offers. The September launch of Citi Commerce Media reinforces this strategy, helping C increase cardholder engagement and expand its commerce ecosystem.

Citigroup's liquidity position also provides room for continued shareholder distributions. Following its successful completion of the 2026 Fed stress test, the company raised its quarterly dividend by 12% to 67 cents per share and continues its $30-billion multiyear share repurchase program.

Parting Thoughts on Citigroup Ahead of Q3 EarningsCitigroup’s progress on business simplification and cost control, along with business expansion efforts, capital returns and an inexpensive valuation, is a positive catalyst. However, elevated restructuring and technology expenses could continue to pressure near-term results.

Therefore, investors may prefer to wait for C’s upcoming third-quarter results before initiating new positions, as the earnings release could provide clearer visibility into cost savings, business growth and profitability. Management’s commentary on credit trends, capital deployment and progress on the remaining divestitures will be particularly important. Still, existing shareholders may consider holding their positions, as continued progress on the transformation could support Citigroup’s long-term earnings and return potential.

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: Permira Co-CEO, CO-Managing Partner Brian Ruder, Jefferies Senior Equity Research Analyst Shelia Kahyaoglu, McNally Capital Founder, Co-CEO & Managing Partner Ward McNally, 3wire Partners Founder & Managing Partner Anita Antenucci, and Citi Co-Head North Ameica Investment Banking David Friedland.

Illustration shows Meta Muse logo in this illustration taken September 23, 2026. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

Oct 6 (Reuters) - Citigroup estimates Meta's (META.O), opens new tab AI assistant Muse could generate more than $27 billion in revenue by 2030 as strong user adoption and ​growing engagement reinforce the platform's first-mover advantage in the emerging ‌personal agent market.

The brokerage said Muse is increasingly becoming the "front door to the internet," helping users search, compare and transact online, while Meta expands awareness ​and positions the product at the center of its ​broader AI strategy.

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Citi said Muse's cumulative downloads have topped 6.6 ⁠million since its launch, while daily active users reached 1.8 ​million as new use cases emerge and Meta ramps up awareness ​efforts

The brokerage estimates Muse could account for more than $27 billion in annual revenue by 2030, including about $23 billion from transaction-related revenue and roughly $4.5 billion from subscriptions

Unveiled ​last month, Muse is key to Meta's strategy to bring AI-powered ​personal agents to mainstream users, with the company betting the technology can drive ‌new ⁠subscription and commerce revenue while deepening engagement across its ecosystem

"With Muse the centerpiece of Meta's AI vision to be a key part of a user's daily life, we believe personal agents (PAs)— with Muse ​benefiting from its ​1st-mover advantage, are ⁠emerging as the new front door to the internet," Citi said

Muse's first-mover advantage could prove crucial ​as competitors such as OpenAI's ChatGPT Dots, Google's Gemini ​and ⁠Anthropic's Claude expand their own agent offerings in pursuit of what many view as the next major consumer computing platform

Meta's stock has risen ⁠12.4% year-to-date ​and more than 20% since Muse ​debuted on September 8, leaving Meta within striking distance of a $2 trillion market value

Reporting ​by Joel Jose and Rashika Singh in Bengaluru; Editing by Shreya Biswas

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Bitcoin ETFs pulled in billions during a blockbuster third quarter, yet the year-to-date total tells a very different story about where investor confidence actually stands heading into the final months of 2026.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

U.S. spot Bitcoin (CRYPTO: BTC) ETFs attracted a net total of $6.3 billion in the third quarter of 2026, according to SoSoValue. However, Bitcoin ETF flows so far this year total just $985 million. This significant gap suggests investors withdrew about $5.4 billion from these funds in the first half, before a substantial portion returned in the third quarter.

The funds’ combined net assets now stand at $109.3 billion, down 14.6% from the $128 billion peak reached in mid-January. Outflows contributed to this drop, and Bitcoin’s price also played a role, trading about 5% below its starting point for 2026. So, where did the money from the first half go, and what might its return mean for the remainder of 2026?

Bitcoin ETFs Lost About $5.4 Billion in the First Half of 2026

The year-to-date total of $985 million includes the $6.3 billion inflow in the third quarter, meaning the first half ended with around $5.4 billion in net outflows. This occurred even though the funds experienced a seven-week period of inflows in the spring, suggesting that selling outside that timeframe was more substantial.

The most significant selling took place early in the year. The funds experienced their worst day of 2026 in late January, when investors pulled a net $818 million shortly after the assets peaked in mid-January. This suggests investors sold most aggressively near the top.

A net figure subtracts total outflows from total inflows, meaning the funds can see billions move in either direction and still finish the year close to zero. This is why a strong quarter can mask a weak half.

Bitcoin ETFs Took In $6.2 Billion in August and September

August led the third quarter with net inflows of $3.5 billion, while September added another $2.7 billion, according to SoSoValue data. July had a modest inflow of roughly $170 million. The funds also recorded their best single day of the year in late September, with a net inflow of $999 million.

However, while quarterly totals reflect inflow movements, year-to-date figures indicate how much of that money remained. A report focusing solely on the $6.3 billion misses the significant $5.4 billion outflows that occurred earlier.

Despite this, the longer-term trend remains positive. Since their launch in January 2024, the funds have accumulated a net total of $57.6 billion, meaning the 2026 outflows have reduced that total without reversing it.

Why Did Investors Pull Money From Bitcoin ETFs in 2026?

The flow totals show money exited the funds, but they don’t indicate who sold, and the issuers haven’t explained the outflows. Financial advisors and brokerage platforms hold a substantial portion of these spot ETFs, so such outflows typically suggest planned portfolio adjustments rather than panic selling.

Two possible explanations suit the data, though neither has been confirmed by the issuers. Investors may have rebalanced their portfolios, reducing Bitcoin holdings to align with target allocations, or taken profits near the January peak. However, investors switching between different Bitcoin funds cannot account for the total outflows since such movements would net out in the overall figure.

Where Did the First-Half Bitcoin ETF Money Go? Investors redeemed their shares, meaning they cashed out of the funds. The funds paid out about $5.4 billion more than they took in during the first half, while the $6.3 billion in third-quarter inflows—largely from August and September—helped refill most of that gap. This is why the net figure for 2026 stands at just $985 million.

This information may dampen the optimistic perception surrounding the third-quarter headline. The flow data also tests Citigroup (NYSE:C | C Price Prediction), which has linked its $113,000 Bitcoin price target to $5 billion in ETF inflows over 12 months.

This target is approximately 34% higher than Bitcoin’s price of $84,621 as of October 3. If Bitcoin ETF flows remain positive as they did in August and September, could Citigroup’s $5 billion assumption become more attainable?

Contact [email protected] for any questions or corrections.

Citigroup just issued a bold new Bitcoin price target based on surprisingly modest assumptions, but its own track record in 2026 reveals how quickly that forecast could collapse.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Citigroup (NYSE:C | C Price Prediction) raised its 12-month Bitcoin (CRYPTO:BTC) price target to $113,000, up from $82,000. This prediction is based on the assumption of just $5 billion in new investments flowing into crypto funds over the year. As of October 2, Bitcoin was trading around $86,000, making Citi’s target about 31% higher than its current price.

In addition, Citi analyst Alex Saunders has raised the bank’s Ethereum (CRYPTO: ETH) target to $3,028, up from $2,240. So, what has to happen for Bitcoin to hit Citi’s $113,000 target?

Citi Needs Only $5 Billion of Fund Inflows for Bitcoin to Reach $113,000

The $5 billion in inflows refers to the amount of new money that investors are expected to place into funds that hold cryptocurrencies, including spot exchange-traded funds (ETFs), which hold the assets and trade like stock shares. Citi’s figure covers all types of crypto investment funds, not just Bitcoin-focused ones.

This target seems quite attainable. U.S. spot Bitcoin ETFs had an impressive week, collecting about $2.4 billion in inflows through September 25, marking their strongest performance since October 2025. In just five trading days, these funds attracted nearly half of the total amount Citi expects for the entire year.

Citi’s historical figures also reveal how little the inflow forecast moves its target on its own. Earlier in 2026, the bank set a Bitcoin target of $112,000 while forecasting $10 billion in inflows. The slightly higher target of $113,000 suggests other factors may be driving Citi’s predictions.

Citi’s Bitcoin Target Has Swung Between $82,000 and $143,000 in 2026

Citi’s Bitcoin price targets have fluctuated considerably this year. The bank initially projected $143,000, then lowered it to $112,000. It then fell to $82,000 on July 1, predicting no net inflows and issuing a bearish estimate of $53,000. Just three months later, the target has bounced back to $113,000.

According to Saunders, this latest increase is linked to improved activity in the crypto market, new SEC rule proposals that have alleviated investor concerns, and the U.S. Treasury repurchasing longer-dated bonds. He also said the failure of the CLARITY Act, a market structure bill Congress abandoned in September, allowed Bitcoin to regain key price levels as the SEC stepped in with its own regulatory guidance.

Thus, Citi’s target adapts to market dynamics as much as it aims to forecast them. The revision comes after Bitcoin surged by nearly a third over the past 90 days and began attracting investment again.

A 5.17% Treasury Yield and the 2028 Election Could Work Against Citi’s Target

One challenge to consider is the current 10-year Treasury yield, which stood at 5.17% as of September 25. This yield represents the return that the U.S. government offers for lending money over a decade. Since Bitcoin doesn’t earn interest, investors, such as pension funds, might prefer the safer returns from Treasury bonds.

Saunders pointed out another risk: the political landscape might change by the 2028 elections. A new administration could repeal some SEC regulations that affect his forecasts, since these rules can be altered more easily than laws passed through Congress.

What Has to Go Right for Bitcoin to Reach Citi’s $113,000 Target? For Bitcoin to reach Citi’s $113,000 target, three conditions need to be met:

Price Stability: Bitcoin must stay above $82,000, Citi’s zero-inflow estimate, and roughly 5% below the current price. Positive ETF Inflows: ETF inflows must stay positive, a manageable requirement given the relatively low $5 billion target. Regulatory Consistency: The SEC’s regulations need to remain in place. If these three conditions are met, Bitcoin stands a good chance of reaching Citi’s ambitious forecast.

However, Citi frequently revises its targets. The bank previously lowered its target by $61,000 between early 2026 and July, and its bear case from July suggests a price of $53,000, which is about 38% lower than Bitcoin’s current trading value. Should the price dip back below $82,000, it could indicate that the demand Citi anticipates has not materialized.

Contact [email protected] for any questions or corrections.

Crypto funds just absorbed billions in a single week while Bitcoin posted a massive quarterly gain, yet most major coins still sit deep in the red for the year. Before you buy, there are a few numbers that tell a…

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Crypto funds experienced a significant surge, taking in $3.55 billion within just one week, primarily driven by Bitcoin (CRYPTO:BTC). Bitcoin’s value has increased by 33.4% over the last 90 days. As investors who missed out on the summer rally consider their options, many are left wondering if it’s too late to invest in crypto in October 2026.

However, despite these recent gains, most major cryptocurrencies still trade below their values from a year ago. Bitcoin is down 29.7% over the past 12 months, Ethereum (CRYPTO:ETH) has fallen 38.4%, and XRP (CRYPTO:XRP) has dropped 49.6%. This raises the question: does a strong quarterly performance indicate buyers are late to the party, or does it suggest that the market is still on the mend?

Bitcoin’s 33% Quarter Is a Bounce, Not a Full Recovery

The 90-day return reflects the price movement from three months ago, without considering where it began. A coin rebounding from a low point can show a spectacular percentage gain, while a coin steadily climbing can offer a modest rise from a higher starting point.

The following table details key cryptocurrencies, illustrating their 90-day and yearly changes in value:

Coin 90-Day Change 1-Year Change Zcash +208.7% +1,077.3% Chainlink +80.2% -36.5% Ethereum +52.7% -38.4% Solana +43.3% -46.9% Cardano +36.8% -71.1% Bitcoin +33.4% -29.7% XRP +31.0% -49.6% Dogecoin +21.7% -62.2% Chainlink (CRYPTO:LINK), known for incorporating external data into blockchain applications, rose 80.2% this quarter but remains down 36.5% year over year. Similarly, Cardano (CRYPTO:ADA) posted a 36.8% quarterly gain after a staggering 71.1% drop over the past year, leaving buyers from a year ago in a tough spot.

In contrast, Zcash (CRYPTO:ZEC), a privacy-focused coin, is the standout performer, showing gains in both timeframes. It rose from a low of $185 in February to close September at $1,438, marking a remarkable overall increase of around 677%.

One Week of Crypto Fund Inflows Proves Less Than It Looks

Fund inflows represent the capital investors place into crypto investment products, like spot ETFs that directly hold cryptocurrencies. This week’s $3.55 billion in inflows indicates substantial buying activity.

However, one week’s data can be misleading, as inflows can follow price movements as often as they lead them. US spot Bitcoin ETFs alone received about $2.4 billion from September 21 to September 25, according to SoSoValue. However, daily inflows dropped significantly, from $999 million down to $134 million as the week progressed.

Moreover, weekly inflow reports capture only money flowing through investment products and do not account for most crypto trading that occurs on exchanges. Therefore, a strong week for funds can coincide with heavy selling elsewhere, masking the true market conditions.

Citi’s Bitcoin Target and a 5.17% Treasury Yield Set the Bar

Citigroup (NYSE:C | C Price Prediction) recently raised its price targets for Bitcoin to $113,000 and Ethereum to $3,028, signaling projected gains of 33.4% and 12.2% respectively from current prices. However, these targets were set following the recent rally, further illustrating the tendency for forecasts, like fund flows, to lag behind price movements.

Compounding this is the current 10-year Treasury yield, which reached 5.17% on September 25. Investors holding the note to maturity will earn that return with certainty, while Bitcoin provides no interest, and staking rewards on assets like Ethereum come with market volatility, leading crypto buyers to forego guaranteed returns.

Returns within the crypto space are also uneven. In 2026, for instance, Zcash has risen by 178.6%, while Chainlink is up 17.8%. In contrast, XRP has fallen 19.2%, and Bitcoin has slipped 4.7%, making the decision to invest highly specific to which coin you’re considering.

Is It Too Late to Invest in Crypto in October 2026? For those looking to invest in major cryptocurrencies, now may still be a suitable time. Bitcoin, Ethereum, Solana (CRYPTO:SOL), and XRP are all priced below where they began 2026, with Ethereum down 9.6% and Solana down 5.3%. Thus, their recent rally indicates a fragmented recovery. However, Zcash stands apart because its substantial gains already reflect earlier price increases, making it a different scenario for potential buyers.

This perspective suits long-term investors who can endure possible downturns and are willing to forgo the steady 5.17% Treasury yield. If fund inflows remain strong despite price decreases, it could indicate that institutional money is leading the charge.

Bitcoin still needs to regain its footing above the $88,900 mark where it began 2026, which is 4.9% higher than its current value. If Bitcoin delays in surpassing that benchmark, it begs the question: is it truly too late to invest in crypto, or is it simply too early to declare a full recovery?

Contact [email protected] for any questions or corrections.

Citigroup is getting hit harder than Bank of America despite the legal headline landing at Merrill Lynch, and the gap between the two lenders points to something beyond the settlement driving the selloff across money-center banks.

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Selling across financial stocks is landing hardest on some of the biggest U.S. banks, and Citigroup (NYSE:C | C Price Prediction) shares are leading the money-center names lower as traders pull back from the group. Citigroup stock is down 4% to $123.81, posting the largest decline among the large banks.

Meanwhile, Bank of America (NYSE:BAC) stock is down 3% to $53.07, a smaller drop than Citigroup stock is posting despite a fresh legal headline from the Merrill Lynch unit. JPMorgan Chase (NYSE:JPM) stock is down 0.9% to $327.81, the smallest pullback of the three and a sign that sellers are drawing clear lines between the biggest banks.

Meanwhile, the Financial Select Sector SPDR ETF (NYSEARCA:XLF) is down 0.99% to $52.87, a smaller decline than Citigroup and Bank of America shares are showing. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.3% to $760.54, so equities overall are seeing only a modest pullback.

Merrill Lynch Settlement Lands at Bank of America Bank of America’s Merrill Lynch unit will pay $39 million to settle a class action over cash sweep accounts, Reuters reported. Settlement papers were filed late Wednesday in Manhattan federal court, and the case centered on idle retirement cash that customers stated Merrill Lynch swept into deposit accounts paying very little interest. Approval from U.S. District Judge Valerie Caproni is still required, and the agreement avoids a trial that had been set for mid-October.

For Bank of America, the payment is a small sum next to the scale of the bank’s operations, and the agreement removes trial risk from the company’s legal calendar. Because the class action was already public, the deal adds no surprise expense. That makes the settlement a thin explanation for the 3% slide in Bank of America stock, and the Merrill Lynch news says nothing about the largest drop in Citigroup stock.

Citigroup’s Steeper Slide Points to Positioning Citigroup stock is falling harder than Bank of America stock, even though the only company-specific legal headline in the group involves the Merrill Lynch unit. This pattern points to positioning across the large banks as the main force behind the slide in Citigroup stock, since the settlement explains little of the gap between the two lenders.

JPMorgan Chase stock is holding up best of the three, with a 0.9% decline that’s slightly smaller than the 0.99% drop in the industry ETF. The distance between JPMorgan Chase stock and Citigroup stock shows sellers discriminating between names, with Bank of America shares landing in the middle.

What to Watch Next Whether Citigroup stock holds above $124 or keeps leading the money-center group lower is worth watching, since that answer could show if the positioning trade is running its course. Bank of America’s next step is court approval of the Merrill Lynch settlement, and a signed order from Judge Caproni could close out the dispute without the trial that had been set for mid-October.

JPMorgan Chase stock offers a useful read on breadth, since a deeper decline in the name holding up best could signal that the selling is spreading across the large banks. Shareholders can also watch whether the Financial Select Sector SPDR ETF keeps holding up better than Citigroup and Bank of America shares, confirming the pressure is staying concentrated in the money-center names.

Contact [email protected] for any questions or corrections.

David Moadel

David Moadel is financial writer specializing in stocks, ETFs, options, precious metals, and Bitcoin. David has written well over 1,000 articles for leading online publications, helping investors understand markets, income strategies, and risk.His work has appeared in The Motley Fool, InvestorPlace, U.S. News & World Report, TipRanks, ValueWalk, Benzinga, Market Realist, TalkMarkets, Finmasters, 24/7 Wall St., and others.With a master’s degree in education, David has taught at the elementary, high school, and college levels. That teaching background shapes his writing style: clear, educational, and practical. David has also built a loyal social-media audience by providing trustworthy financial content on YouTube, X/Twitter, and StockTwits.

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Key Takeaways Citigroup is streamlining operations and freeing capital through international consumer business exits.C projects 2026 revenue growth of 4-5%, with $2-$2.5B in annualized savings.PNC benefits from NII growth and branch expansion, but expenses and asset-quality concerns remain. The U.S. banking industry continues to benefit from healthy loan and deposit growth, resilient consumer spending, and relatively favorable credit trends. At the same time, elevated interest rates, uncertainty surrounding the rate trajectory and potentially uneven capital markets activity warrant caution.  Against this backdrop, Citigroup, Inc. (C - Free Report) and The PNC Financial Services Group (PNC - Free Report) are two prominent banking stocks worth watching.

While Citigroup offers extensive international exposure and capital market operations, PNC Financial stands out for its stable, U.S.-focused retail and commercial banking model.

Investors are increasingly weighing whether global diversification or regional consistency makes for a better investment opportunity right now. Let us analyze Citigroup and PNC Financial’s business models to determine which presents a solid investment opportunity.

The Case for CCitigroup has been emphasizing growth in core businesses through streamlining operations internationally. The sale of the Polish consumer business in June 2026 marked the final international consumer divestiture, apart from the wind-down of Korea and the ongoing Banamex divestiture. The company also sold an additional 22.6% stake in Banamex in the second quarter 2026 after selling 25% in late 2025. C currently owns a 51% stake in Banamex and expects to complete the deconsolidation and IPO in early 2027. The transaction is expected to free up $5 billion in capital.  These transactions follow the completed Russia exit and sales of consumer franchises across Asia and EMEA. These initiatives will free up capital and help the company pursue investments in wealth management operations in Singapore, Hong Kong, the UAE and London to stoke fee income growth.

Aligned with its goal of achieving leaner operations, Citigroup has overhauled its operating model and leadership structure, reduced bureaucracy and complexity while enhancing efficiency. In January 2024, the company announced plans to cut 20,000 jobs (about 8% of its global workforce) by 2026, having already lowered headcount by more than 10,000 employees. It reduced headcount to 219,000 as of June 30, 2026, from 230,000 a year earlier. Given such initiatives, the company expects revenues to see a compounded annual growth rate of 4-5% by 2026-end and will further drive $2-2.5 billion in annualized run rate savings. Management targets a return on tangible common equity of 10-11% for 2026.

Although the Federal Reserve raised interest rates by 25 basis points in its September meeting, rate cuts in 2025 and 2024 have supported C’s net interest income (NII) and margins. Looking ahead, steady growth may boost lending, but challenges remain from rates and persistent inflation. Given this, the company’s asset quality is also likely to face pressure as some borrowers struggle with repayments.

The Case for PNCPNC Financial is accelerating growth through acquisitions and partnerships aimed at broadening its capabilities and revenue streams. In January 2026, the company completed the acquisition of FirstBank Holding Company, including its subsidiary FirstBank, significantly expanding its presence in Colorado and Arizona.

Management expects the acquisition to be earnings accretive, adding nearly $1 per share by 2027. The transaction also added 95 branches and $26.8 billion in assets, more than tripling its branch network in Colorado and expanding its presence in Arizona to more than 70 branches. Last year, it acquired Aqueduct Capital Group, strengthening fund placement services at its global IB arm, Harris Williams. In 2024, it partnered with Plaid to enable secure data sharing and expanded its TCW Group alliance to offer private credit to middle-market firms. These, together with earlier moves like the 2022 acquisition of Linga and the 2021 buyout of BBVA USA, help diversify its business mix.

PNC has announced plans to enhance its coast-to-coast branch network. By 2030, it aims to invest $2 billion to open more than 300 branches across 20 U.S. cities and renovate its existing locations. With the addition of these branches, the company will solidify its position as one of the largest retail banks in the United States.

PNC’s NII has been witnessing growth, driven by the continued benefit of fixed-rate asset repricing and loan growth. Management expects NII to grow 15-15.5% year over year in 2026.

However, an elevated expense base remains a headwind despite PNC Financial's cost-containment measures. The lack of diversification in the loan portfolio and persistent inflation is concerning and may put pressure on its asset quality.

C & PNC’s Stock Performance, Valuation & Other ComparisonsIn the past year, PNC shares have gained 11.3%, whereas Citigroup’s stock has rallied 29.4%. In comparison, the industry has risen 8.1%.

Price Performance

Image Source: Zacks Investment Research

In terms of valuation, Citigroup’s trailing 12-month price-to-earnings (P/E) ratio is 10.49X, while PNC Financial’s is 10.74X. Both stocks are trading at a discount compared with the industry’s trailing 12-month P/E ratio of 13.17X, but the C stock is cheaper than PNC.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

Both companies regularly pay out dividends. PNC has a dividend yield of 3.6%, whereas C has a dividend yield of 2%. Here, PNC holds an edge over C.

Dividend Yield

Image Source: Zacks Investment Research

How Do Estimates Compare for Citigroup & PNC Financial?The Zacks Consensus Estimate for C’s 2026 sales and earnings per share (EPS) implies year-over-year increases of 12.1% and 40.5%, respectively. EPS estimates for 2026 have been revised upward over the past month.

Estimate Revision Trend

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for PNC’s 2026 sales and EPS implies year-over-year increases of 13.9% and 15.9%, respectively. EPS estimates for 2026 have been revised downward over the past month.

Estimate Revision Trend

Image Source: Zacks Investment Research

The Better Investment Choice: C or PNC?Both Citigroup and PNC Financial have solid growth prospects, but C appears to be the better pick right now. Citigroup’s ongoing restructuring, international consumer exits and cost-cutting initiatives should enhance operating efficiency, free up capital and improve returns. Its stronger earnings growth outlook, relatively cheaper valuation and superior share-price performance over the past year strengthen the investment case.

PNC’s robust NII growth, branch expansion strategy and higher dividend yield are positives. However, elevated expenses, asset-quality concerns and downward earnings estimate revisions temper the outlook.

Most importantly, Citigroup currently carries a Zacks Rank #2 (Buy), whereas PNC Financial has a Zacks Rank #3 (Hold). Given its upward estimate revision, improving efficiency and attractive valuation, C looks better-positioned than PNC at present and appears to be the more compelling investment choice. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

NEW YORK--(BUSINESS WIRE)--Citi today announced the expansion of Citi Token Services into Japan and the United Arab Emirates (UAE), advancing our strategy to build a more connected, always-on financial ecosystem for corporate and financial institutional clients. The expansion is the latest milestone in Citi Services' broader digital assets strategy, which is focused on solving real-world client needs by building bank-grade capabilities that connect traditional financial infrastructure with emer.

NEW YORK--(BUSINESS WIRE)--Citi today announced the launch of Citi® Premium Boost, marking a new chapter in relationship banking for clients in the Citi Priority, Citigold®, and Citigold Private Client Relationship Tiers. By offering higher savings rates through required activities, Citi Premium Boost rewards clients for how they bank and invest with Citi.

For clients who join Premium Boost, routine banking activities—which include setting up direct deposits—can create more value at every stage of their journey. And as they deepen their relationship with Citi, the more value they unlock.

“Citi Premium Boost is our vision for relationship banking in action, rooted in the belief that the value clients receive should grow as their relationship with Citi grows,” said Kate Luft, Head of U.S. Retail Banking and Citigold. “By offering stronger savings benefits across our Relationship Tiers, we are rewarding the banking and investing they already do, while making their money work smarter for them.”

Starting October 26, new clients will be automatically enrolled in Citi Premium Boost when they open a new Citi Savings and Regular Checking account. To earn the Premium Boost rate, both new and existing clients in Citi Premium Boost must complete the below Required Activities:

Citi Premium Boost builds on an existing suite of benefits already available to Citi Relationship Tier clients. For example, Citigold® offers access to our Wealth Team, waived fees on key banking services, and relationship pricing for select lending products, as well as lifestyle perks such as the Subscription Rebate Program and exclusive ticket access through the Citi Entertainment program.

Citi Premium Boost reflects Citi’s broader shift toward a simpler, more unified relationship-banking model, delivering an integrated experience that makes deepening your banking, wealth, and lending relationships more rewarding. Additional recent enhancements include updates to Access Checking—featuring fee waivers for clients aged 23 or younger—and a new digital direct deposit enrollment, which can be completed in a few simple steps.

To learn more about Citi Premium Boost, visit citi.com/premiumboost.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

Deposit Products are offered by Citibank, N.A., Member FDIC