Citigroup Inc. shared on Tuesday that its revenue in the first quarter of its fiscal 2025 reached $21.6 billion, growing 3% compared to the same timeframe in 2024.
In the first trimester, on an annual basis, net income jumped 21%, coming in at $4.1 billion, while diluted earnings per share soared 24%, to stand at $1.96.
"We delivered a strong quarter, marked by continued momentum, positive operating leverage and improved returns in each of our five businesses. Services recorded its best first quarter revenue in a decade ... When all is said and done, and longstanding trade imbalances and other structural shifts are behind us, the US will still be the world's leading economy, and the dollar will remain the reserve currency," CEO Jane Fraser commented.
The company's stock gained 0.28% in the premarket, after the release of the report.
