Citigroup Targets 5-6% NII Growth in 2026 After $49.8B in 2025
Citigroup forecasts net interest income excluding markets to rise 5-6% in 2026 after achieving $49.8 billion in NII with 6% growth in 2025. U.S. Personal Banking NII grew 6% to $22.5 billion and Wealth NII jumped 17% to $5.3 billion last year.
1. NII Outlook and Guidance
Citigroup expects net interest income excluding markets to rise 5-6% in 2026, leveraging loan growth in Cards and Wealth, higher deposit balances in Services, and reinvestment income from maturing securities. Management plans to reinvest proceeds from roughly 30% of its fixed-rate securities portfolio into higher-yielding assets.
2. 2025 Segment Performance
In 2025, Citigroup’s NII excluding markets climbed 6% to $49.8 billion. U.S. Personal Banking delivered $22.5 billion (up 6%), Wealth generated $5.3 billion (up 17%), and Services posted $15 billion (up 12%) on average deposits of $878 billion.
3. Risks and Peer Benchmarks
Management warns that declining policy rates could compress deposit spreads and reduce yields on floating-rate assets. For context, Bank of America projects 5-7% NII growth in 2026, while JPMorgan aims for $95 billion excluding markets, highlighting similar rate-sensitive outlooks.