Citigroup Beats Q3 Estimates as CFO Warns of Cooling Wall Street Deal Activity

Key Facts

1Citigroup beat Q3 estimates with EPS of $2.85 and revenue of $23.85 billion.

2The bank's CFO stated that Wall Street's deal frenzy is cooling following a record first half.

Citigroup beat Q3 estimates with earnings per share of $2.85 and total revenue of $23.85 billion. Benzinga reported that the bank's CFO, Mark Mason, stated that the deal frenzy on Wall Street is cooling following a record-breaking performance in the first half of the year.

Citigroup (C) closed at $131.93 on October 12, 2026, amid mixed performance among peers as BAC closed at $54.58 and JPM closed at $334.3 on the same date. The cooling sentiment in deal-making follows a period of significant growth, leading the bank to adjust its outlook for the investment banking landscape.