Citigroup Revenue Climbs as Bank Announces Aggressive Buyback Program

Citigroup Revenue Climbs Across All Divisions, Sets $84.5 Billion Target for 2025

In the upcoming years, Citigroup Inc. plans to repurchase $20 billion worth of its stock, releasing billions of dollars in excess capital that the bank had been holding to satisfy a significant shareholder request. All five of the bank’s primary business lines had an increase in revenue during the fourth quarter, which included the announcement. The lender stated that it now anticipates revenue to surpass experts’ projections and reach $83.5 billion to $84.5 billion in 2025.

Citi CEO Jane Fraser Highlights Strategic Momentum Despite Cost Challenges

As investors ignored indications that Chief Executive Officer Jane Fraser was having difficulty controlling expenses, the actions caused shares to rise to their highest level in over three years.

2024 was a critical year and our results show our strategy is delivering as intended. We entered 2025 with momentum across our businesses.

Fraser

Fraser cut a key profitability goal that is essential to her aspirations to bring the bank around elsewhere in the report. According to a statement, the lender now anticipates a return on tangible common equity of 10% to 11% by the end of the next year. Early in 2022, Fraser informed investors that it would take five years to complete her turnaround of Citigroup, the only significant US bank that was valued less than it was five years prior.

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