JOURNAL ARTICLE

Citi Logs Best Returns in Five Years as Revamp Takes Hold.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Gillespie, Todd 3 of 3

Abstract

The article focuses on Citigroup Inc.'s strong first-quarter financial performance, highlighting record trading revenues and progress in its turnaround plan under CEO Jane Fraser. Citigroup's fixed-income unit generated $5.2 billion in revenue, a 13% increase year-over-year, while its equities business achieved a record $2.1 billion, contributing to the highest quarterly trading revenue since the financial crisis. The bank reported a 42% rise in net income to $5.8 billion and a return on tangible common equity of 13.1%, surpassing previous forecasts. Despite rising expenses and mixed results across divisions, Citigroup repurchased $6.3 billion in shares and anticipates increased buybacks in 2026. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:192986784
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.