Citi Q1 2025 Earnings Beat Estimates, CEO Jane Fraser Says US Will Still Be World’s Leading Economy Once Structural Shifts Are Over

Citigroup Inc. (C) shares traded over 1.5% higher on Tuesday after the bank reported upbeat first-quarter earnings.

Total revenues rose 3% year-over-year (YoY) to $21.59 billion, compared to a Wall Street estimate of $21.29 billion, driven by growth in each of Citi’s five interconnected businesses.

Earnings per share (EPS) came in at $1.96 versus an analyst estimate of $1.85. The lender reported a net income of $4.1 billion, compared to $3.4 billion in the prior-year period, driven by lower expenses and higher revenues, partially offset by a higher cost of credit.

CEO Jane Fraser stated that Citi remains intently focused on executing its strategy, which she said is based on a diversified business mix and will perform in various macro scenarios.

“When all is said and done, and longstanding trade imbalances and other structural shifts are behind us, the U.S. will still be the world’s leading economy, and the dollar will remain the reserve currency,” she said.

The bank said that its net interest income (NII), the difference between interest earned and expended, increased 4%, driven by U.S. Personal Banking (USPB), Markets, Wealth, and Services, primarily offset by All Other and Banking declines.

The lender’s Services revenues rose 3% to $4.9 billion, driven by Treasury and Trade Solutions growth.

Markets revenues rose 12% YoY to $6 billion, led by growth in both Fixed Income and Equity markets revenues. Notably, Equity markets’ revenues jumped 23% to $1.5 billion, primarily driven by equity derivatives, increased market volatility, higher client activity, and momentum in prime services, with prime balances up approximately 16%.

Banking revenues rose 12% to $2 billion while Wealth revenues jumped 24% to $2.1 billion.

Citi stock lost over 9% in 2025 but has been up nearly 8% in the past 12 months.

Also See: Bank Of America Q1 2025 Earnings Beat Estimates: CEO Brian Moynihan Says Bank’s Business Clients Have Been Performing Well

For updates and corrections, email newsroom[at]stocktwits[dot]com.