Five of the largest US banks are releasing their second-quarter earnings on July 14, and the one drawing the most attention isn’t JPMorgan Chase. It’s Citigroup, the perennial underperformer that’s been quietly turning itself into something analysts actually want to own.
Citi’s results are expected around 8 a.m. ET, with an earnings call following at 11 a.m. ET. The bank joins JPMorgan Chase, Bank of America, Wells Fargo, and Goldman Sachs in what amounts to a single-day stress test for market sentiment around the entire banking sector.
Why Citigroup is the one to watch
In Q1 2026, Citi posted net income of $5.8B and earnings per share of $3.06. Revenue climbed 14% year-over-year to $24.6B, which was the bank’s best quarterly revenue in a decade.
Return on tangible common equity hit 13.1% in Q1, exceeding the bank’s annual target of 10-11% RoTCE.
