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The Economic Times

Business / The Economic Times

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Citigroup profit beats estimates as dealmaking rebounds

Citigroup surpassed Wall Street profit expectations, driven by a surge in dealmaking and corporate client services. Investment banking fees soared, and M&A advisory hit record highs in 2025. Despite a Russian unit sale loss, the bank's performance signals a turnaround, with ongoing efforts to fix risk controls and potential job cuts due to automation.

15 Jan 2026 8:18 am