Q2 2025 Citigroup Inc Earnings Call Transcript
Key Points
- Citigroup Inc (C) reported a strong quarter with net income of $4 billion and earnings per share of $1.96.
- Revenues increased by 8%, with three out of five business segments achieving record second-quarter revenues.
- The Services segment delivered a 23% RoTCE, with robust growth in loans and deposits.
- Markets revenues were up 16%, marking the best second quarter since 2020, driven by strong performance in fixed income and equities.
- The company returned over $3 billion in capital to shareholders, including $2 billion in share repurchases, and announced an increased dividend of $0.60 per share.
- Transformation expenses are expected to remain high, although they are anticipated to decrease next year.
- There is a slowdown in net new investment asset inflows in the Wealth segment due to macroeconomic uncertainty.
- Retail services faced pressure from lower sales activity at partners, impacting revenues.
- The company is still working on reducing stranded costs, with $1.2 billion remaining.
- The geopolitical and macroeconomic environment remains uncertain, impacting client activity and decision-making.
Hello and welcome to Citi's second-quarter 2025 earnings call. Today's call will be hosted by Jenn Landis, Head of Citi Investor Relations.
(Operator Instructions)
Also as a reminder, this conference is being recorded today. If you have any objections, please disconnect at this time.
Ms. Landis, you may begin.
Thank you, operator. Good morning and thank you all for joining our second quarter 2025 earnings call. I'm joined today by our Chief Executive Officer, Jane Fraser; and our Chief Financial Officer, Mark Mason.
I'd like to remind you that today's presentation, which is available for download on our website, citigroup.com, may contain forward-looking statements which are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these statements due to a variety of factors, including those described in our earnings materials as well as in our SEC filings.
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