Citigroup Inc (C) Q1 2025 Earnings Report

In the first quarter of 2025, Citigroup Inc (C) demonstrated robust financial performance, reporting a net income of $4.1 billion and an earnings per share (EPS) of $1.96, indicating a year-over-year increase of 20.6% and 27% respectively. This quarterly performance reflects the success of Citigroup's strategic initiatives across all business lines, with a notable 12% revenue growth in markets and a 24% increase in wealth management. Management maintained a disciplined approach to expense management, achieving a 5% reduction year-over-year, which led to positive operating leverage. However, uncertain macroeconomic conditions pose challenges, with management underscoring concerns about a potential deterioration in the economic landscape. Looking forward, Citigroup remains committed to capital returns and operational transformation, with a CET1 capital ratio of 13.4% signaling strong capital health to navigate potential headwinds.