Wealth Net Income Surges At Citigroup In Q1 2026

Editorial Staff

15 April 2026

The wealth arm of down 11 per cent on a year before.

Under the overall wealth division, private banking revenues rose 14 per cent to $757 million. The rise was driven by higher deposit spreads and average deposit balances, and higher fee revenues, offset by lower mortgage spreads and the loss of fee revenue from last year’s sale of its trust business.

Across all bank divisions, Citigroup reported net income in Q1 of $5.8 billion, or $3.06 per diluted share, on revenues of $24.6 billion. This compares with net income of $4.1 billion, or $1.96 per diluted share, on revenues of $21.6 billion for the first quarter 2025.

At the end of March, Citigroup had a Common Equity Tier 1 of 12.7 per cent, down from 13.4 per cent.