Citigroup Inc. announced on Tuesday that its total revenue in the second quarter of the fiscal year 2025 saw an annual rise of 8% to reach $21.7 billion. The investment bank's net income increased by 25% compared to the same trimester the year before to $4 billion. Meanwhile, its diluted earnings per share (EPS) grew by 29% year-on-year to $1.96. Citi also reported a return on tangible common equity (ROTCE) of 8.7%, and set 10–11% as the next year's target.
"We returned $3 billion in capital during the quarter, including $2 billion in share repurchases as part of our $20 billion repurchase plan. I’m particularly pleased that the momentum across our franchise includes the Transformation, as we streamline processes, drive automation and deploy AI [artificial intelligence]," Chief Executive Officer (CEO) Jane Fraser.
Following the release of the report, Citigroup went up by 0.31% in premarket trading.