Citigroup | 1Q 2025: buybacks and growth in all segments please the market

While many banks are still finding stable ground in a volatile macroeconomic environment, Citigroup is posting surprisingly strong numbers in the early part of 2025. Net income of $4.1 billion marks a 21% year-over-year jump, the fastest growth rate in three years. The company is benefiting from strong activity in markets, rising banking revenues and expansion in wealth management. In addition, shareholders have been pleased thanks to share buybacks and a solid dividend policy.

What's going on?

Citigroup $C started the year in style. Revenues reached $21.6 billion, with growth in all five major segments - from services and markets to U.S. personal banking. Revenues from market activities grew 12%, banking saw the same growth, and M&A nearly doubled.

How was the last quarter?

Citigroup reported very solid results for the first quarter of 2025, indicating a continued growth trend across all major business segments. The company's net income came in at $4.1 billion, up 21% year-over-year from…