Citi Reports $5.245 Billion Third-Quarter Net Income, Up 40%

Citi reported third-quarter 2026 results with revenue of $23.845 billion, an 8% year-over-year increase; net income of $5.245 billion, up 40%; and diluted earnings per share of $2.85 compared to $1.86 in the prior year. Operating expenses for the quarter were $13.952 billion, down 2%, while credit loss provisions totaled $2.586 billion, up 6%. By business segment, wealth management revenue reached $3.269 billion (up 15%), consumer banking revenue was $6.614 billion (up 15%), investment banking revenue stood at $6.113 billion (up 6%), and corporate banking revenue was $1.741 billion (up 6%). The company returned $4.1 billion to common shareholders through stock buybacks and cash dividends.