# Citigroup beat first-quarter earnings estimates as trading and investment banking revenue rose on market volatility and dealmaking strength.

*business · news · 2026-04-14 · CNBC TV18*

## Key points

- Citigroup reported its highest quarterly revenue in a decade at $24.6 billion.
- Total markets revenue rose 19% year-on-year, reaching $7.2 billion due to market volatility.
- Equity underwriting fees surged 64%, while M&A advisory fees increased 19% in the quarter.
- Citigroup has entered the final phase of its restructuring, with most transformation programs nearly complete.
- Quarterly expenses increased 7% due to higher compensation and ongoing workforce reductions.

**Companies:** Citigroup
**Countries:** United States

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