{
  "id": 14249275,
  "title": "Citi profit tops estimates on higher investment banking, services and wealth revenue",
  "url": "https://urgent.news/2026/10/13/citi-profit-tops-estimates-on-higher-investment-banking-services-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T17:06:25.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/citi-profit-jumps-40-with-higher-investment-banking-services-and-wealth-revenue-4946497"
  },
  "original_language": "en",
  "account": "Citi reported a stronger third-quarter profit than expected, driven by growth in investment banking, services, and wealth management, according to Reuters. The bank's revenue from investment banking increased by 9% year-over-year to $1.35 billion, despite a 13% decline from the previous quarter due to slower equity and debt underwriting activity. Citigroup CEO Jane Fraser expressed confidence in the pipeline for upcoming months, citing strong demand in mergers and acquisitions, debt refinancing, and equity issuance. The bank's return on tangible common equity (ROTCE) stood at 11.5% in the quarter and 12.6% year-to-date, surpassing its 11% target. Citi returned $4.1 billion to shareholders through buybacks and dividends in the quarter, with a total of $13.3 billion in share repurchases this year. Shares of Citi fell 3.2% in early trading after the results, down from a 9% year-to-date gain. The bank's services and wealth management divisions showed the most significant growth, with revenue increasing by 15% and client assets growing at the same rate. Citi's trading revenue, which includes equity and fixed-income trading, rose 6% year-over-year to $6.11 billion, while trading revenue related to equities was up by 14%. Meanwhile, rival JPMorgan Chase reported higher profit, and Wells Fargo also saw an increase, attributed to growth in their loan books and higher interest income.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}