Citigroup Q2 Profit Surges, Shares Hit 2008 High

Citigroup reported a 25% year-over-year increase in Q2 2025 net income to $4.02 billion, or $1.96 per share, notably exceeding analysts’ expectations of $1.61 per share. Revenue grew 8% to $21.67 billion, driven by a 16% rise in trading revenue and a 13% increase in investment banking fees. Net interest income climbed 12% to $15.18 billion, highlighting Citigroup’s strong performance relative to peers. CEO Jane Fraser’s ongoing turnaround strategy contributed to the bank’s improved results, with full-year adjusted revenue now projected at about $84 billion, above prior estimates. Citigroup shares rose to their highest level since 2008, signaling renewed investor confidence. However, some analysts point out the stock still trades below book value despite consistent earnings momentum.