StocksMediumUpdated•Originally published 13 October 2026•Updated 13 October 2026•
1 min read
Citigroup Profit Jumps 40% on Investment Banking and Wealth Growth
Key Facts
1Citigroup's profit surged 40% driven by higher revenue from investment banking, services, and wealth management.
Citigroup reported GAAP EPS of $2.85, beating estimates by $0.20, on revenue of $23.8B which exceeded expectations by $80M. Reuters reported that the bank's profit surged 40% driven by higher revenue from investment banking fees and growth across services and wealth revenue streams.
Shares of Citigroup (C) closed at $131.93 on October 12, 2026. During the same session, peer financial institutions saw JPM closing at $334.3 and BAC at $54.58 on October 12, 2026, while WFC ended the day at $83.32.