Citigroup posts transcript of Q2 2026 earnings call

Citigroup’s Q2 2026 earnings call featured CEO Jane Fraser, CFO Gonzalo Luchetti, and IR head Jenn Landis.

• Net income was $5.8 billion, with EPS of $3.15 and RoTCE of 13%.
• Revenue was $24.8 billion; expenses were $14.2 billion; cost of credit was $2.5 billion.
• The dividend is set to rise 12% in Q3; the company launched a $30 billion buyback plan and has repurchased $4 billion so far.
• CET1 ratio was 12.8%.
• The full-year RoTCE target was held at 10%–11% despite 13.1% YTD, with management citing Markets seasonality, macro uncertainty, and flexibility to pull forward investment.
• Banamex stake sales are expected to reach 49% this summer; no further 2026 sales are planned; deconsolidation is targeted for early 2027, with about $5 billion of capital release expected.