From Yahoo Finance: 2025-04-15 08:41:00

Citigroup (C) shares surged after reporting Q1 results above expectations. Earnings per share were $1.96 on $21.60 billion revenue, exceeding analyst estimates. Markets revenue rose 12%, with equities trading revenue up 23%. Citigroup stock rose 4% and was one of the top S&P 500 performers.

Morgan Stanley, JPMorgan Chase, Wells Fargo, and Goldman Sachs beat Q1 estimates. Despite strong results, bank executives are cautious due to tariff uncertainty. Citigroup CEO Jane Fraser is optimistic about the U.S. dollar’s future, despite recent weakness since 2002.

Fraser believes the U.S. will remain the leading economy and the dollar the reserve currency. She remains bullish on the dollar’s prospects in the long run. Bank earnings have been positive, but executives remain wary of the uncertainty caused by tariffs impacting the economy.

Update: Share price information has been updated as of April 15, 2025. For more details, refer to the original article on Investopedia for comprehensive coverage of Citigroup’s Q1 results and CEO Fraser’s outlook on the U.S. dollar.

Read more: Citigroup Q1 Results Top Estimates; CEO Fraser Says She’s Bullish on US Dollar