Citigroup Inc (NYSE:C) on Tuesday reported better than expected financial results for its third quarter 2025, as bigger mergers and capital-raising deals boosted performance across its markets, banking, services, wealth, and US retail divisions.
The bank saw its revenue for the quarter reach $22.09 billion, edging past the $21.09 billion expected by a LSEG survey of analysts, with every division generating record revenue.
Revenue at the company’s banking unit rose 31.3% year over year to $2.1 billion, the biggest growth across its five divisions.
The company also reported adjusted earnings per share for the period of $2.24, surpassing the consensus estimate of $1.90.
“Investments in new products, digital assets and AI are driving innovation and improved capabilities across the franchise,” Citigroup CEO Jane Fraser said in a statement.
“The relentless execution of our strategy is delivering stronger business performance quarter after quarter and improving our returns.”
Citigroup also raised its full-year guidance for net interest income.
Shares of Citigroup were up 1.9% in early Tuesday trading.