# Citigroup’s first-quarter profit rose 42 per cent as geopolitical tensions fueled market volatility and trading revenue.

*business · news · 2026-04-14 · Bnn Bloomberg*

## Key points

- Citigroup reported its highest quarterly revenue in a decade at $24.6 billion for Q1 2024.
- Equities trading revenue at Citigroup rose 39 percent year-over-year, while fixed income trading rose 13 percent.
- Citigroup's investment banking fees in equity underwriting surged 64 percent, and M&A advisory fees rose 19 percent.
- Citigroup posted a 13.1 percent return on tangible common equity, exceeding its full-year target range.

**Companies:** Citigroup, Goldman Sachs, JPMorgan Chase, Wells Fargo, Bank of America, Morgan Stanley
**Countries:** United States, Iran

[Read the full story on Bnn Bloomberg](https://www.bnnbloomberg.ca/business/2026/04/14/citi-profit-jumps-42-as-market-volatility-lifts-trading-revenue/)

---

Canonical: https://newsio.io/n/dfa9d6d3-11c8-4b17-b057-40bacb096aec/citigroups-first-quarter-profit-rose-42-per-cent-as-geopolitical-tensions-fueled
Summarized by Newsio from Bnn Bloomberg. https://newsio.io/how-it-works