Citigroup reported higher third-quarter earnings with record revenue in every division, beating Wall Street expectations. Earnings per share jumped to $1.86, while revenue hit $22.09 billion. Net income rose 15% to $3.8 billion, with banking revenues surging 34%. The bank is selling a 25% stake in its Mexico business. Stock rose 1% in premarket trading.

CEO Jane Fraser credits investments in new products, digital assets, and AI for driving innovation and improving capabilities. Citigroup’s relentless execution of its strategy is delivering stronger business performance quarter after quarter. The bank is selling a 25% equity stake in its Mexico business ahead of a public stock offer, driving up expenses by 9%. Citigroup stock has risen over 36%, outperforming the S&P 500 this year.

Read more at CNBC: Citigroup earnings Q3 2025