Citigroup (NYSE: C) shares rose about 2% intraday Tuesday after the bank reported stronger-than-expected first-quarter results, as the elevated market volatility fueled a sharp increase in equities trading revenue. The company also delivered a positive economic outlook, diverging slightly from peers that have expressed concern over the potential fallout from President Donald Trump’s tariff agenda.
Net income rose to $4.1 billion, up from $3.4 billion a year earlier, as higher revenues and lower expenses helped offset increased credit loss provisions tied to a deteriorating macroeconomic outlook. Earnings per share came in at $1.96, beating analyst expectations of $1.84.
Total revenue, net of interest expense, climbed 3% year-over-year to $21.60 billion, above the consensus estimate of $21.28 billion.
Equity trading revenue jumped 23% to $1.5 billion, outperforming expectations, as heightened volatility and client activity drove performance. Fixed income trading revenue also rose 8% to $4.5 billion, topping the forecast of $4.36 billion.
Citigroup’s upbeat tone contrasted with more cautious commentary from other major banks regarding the economic risks associated with recent tariff announcements. The bank expressed confidence in the U.S. economic resilience and the dollar’s stability, even amid ongoing global trade uncertainty.
The results place Citigroup (NYSE: C) among a group of Wall Street firms benefiting from turbulent market conditions in early 2025, particularly in trading divisions sensitive to geopolitical and policy-driven fluctuations.
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David Kirakosyan is a seasoned financial journalist with nearly a decade of hands-on experience in covering the U.S. stock markets. Since 2016, he has written thousands of equity news articles, detailed market analyses, and investment insights for trusted platforms like Benzinga, Investing.com, and StreetInsider. David holds a Master of Science in Finance and is a Level 2 CFA® candidate, reflecting his deep commitment to financial expertise and ethical standards. His reporting combines real-world market experience with a strong academic foundation, helping readers make informed decisions backed by reliable information. Read Full Bio
