Citigroup's stock trailed its big-bank peers by -3.9% on the day the third-quarter 2026 results landed. The report sounded upbeat. The share price in the same window did not.
Good-sounding report, unhappy share price
Citigroup put out its third-quarter 2026 results on 13 October. Management said the quarter included 「the best third-quarter revenue in a decade」. In the same window the share price went the other way. The stock trailed a basket of large American banks by -3.9% on the day of the release, and by the end of the window that gap was -4.4%. The basket holds 3 banks: Bank of America, JPMorgan Chase and Wells Fargo. There are 6 trading days of price data from the release day onward, including the day itself. The price data here runs through 23 October 2026, the last date available, so the window stops there.
Data table
| day | series | value | series_role |
|---|---|---|---|
| -10 | Citigroup | -0.4% | target |
| -9 | Citigroup | -1.4% | target |
| -8 | Citigroup | -3.3% | target |
| -7 | Citigroup | -2.1% | target |
| -6 | Citigroup | -2.1% | target |
| -5 | Citigroup | -2.1% | target |
| -4 | Citigroup | -3.0% | target |
| -3 | Citigroup | -2.5% | target |
| -2 | Citigroup | -1.3% | target |
| -1 | Citigroup | 0.5% | target |
| 0 | Citigroup | -5.2% | target |
| 1 | Citigroup | -6.9% | target |
| 2 | Citigroup | -6.2% | target |
| 3 | Citigroup | -5.4% | target |
| 4 | Citigroup | -7.3% | target |
| 5 | Citigroup | -6.7% | target |
| -10 | Peer basket | -0.6% | peer |
| -9 | Peer basket | -1.5% | peer |
| -8 | Peer basket | -1.6% | peer |
| -7 | Peer basket | -1.6% | peer |
| -6 | Peer basket | -1.0% | peer |
| -5 | Peer basket | -0.9% | peer |
| -4 | Peer basket | -1.9% | peer |
| -3 | Peer basket | -1.0% | peer |
| -2 | Peer basket | 0.2% | peer |
| -1 | Peer basket | 0.4% | peer |
| 0 | Peer basket | -1.3% | peer |
| 1 | Peer basket | -2.4% | peer |
| 2 | Peer basket | -1.4% | peer |
| 3 | Peer basket | -0.9% | peer |
| 4 | Peer basket | -2.8% | peer |
| 5 | Peer basket | -2.3% | peer |
| -10 | Cumulative abnormal return | 0.2% | neutral |
| -9 | Cumulative abnormal return | 0.1% | neutral |
| -8 | Cumulative abnormal return | -1.7% | neutral |
| -7 | Cumulative abnormal return | -0.5% | neutral |
| -6 | Cumulative abnormal return | -1.1% | neutral |
| -5 | Cumulative abnormal return | -1.2% | neutral |
| -4 | Cumulative abnormal return | -1.1% | neutral |
| -3 | Cumulative abnormal return | -1.5% | neutral |
| -2 | Cumulative abnormal return | -1.5% | neutral |
| -1 | Cumulative abnormal return | 0.1% | neutral |
| 0 | Cumulative abnormal return | -3.8% | neutral |
| 1 | Cumulative abnormal return | -4.5% | neutral |
| 2 | Cumulative abnormal return | -4.7% | neutral |
| 3 | Cumulative abnormal return | -4.5% | neutral |
| 4 | Cumulative abnormal return | -4.5% | neutral |
| 5 | Cumulative abnormal return | -4.4% | neutral |
The growth rate was cooling before this report
Now the part a headline misses. The quarter A three-month slice of a company's financial year. Big companies report results four times a year, one per quarter.ly revenue All the money a company took in from its business over a period, before any costs are taken out. figures available here run through the fourth quarter of 2025, so they stop short of the quarter in the news. Measured against the same quarter a year earlier, growth in that last quarter on record was 2.1%. That was down from 9.3% the quarter before. Compared with the quarter just before it, revenue changed by -10.0%. Revenue can sit near the top of its range while the growth rate How much bigger or smaller a figure is than the same figure a year earlier, stated as a percentage. shrinks, and that is roughly the picture in the chart. Watch whether the next few quarters put that growth line back up, because that is the number investors argue about.
Glossary
- revenue
- All the money a company took in from its business over a period, before any costs are taken out.
- growth rate
- How much bigger or smaller a figure is than the same figure a year earlier, stated as a percentage.
- quarter
- A three-month slice of a company's financial year. Big companies report results four times a year, one per quarter.
How fast do you think revenue grew against the same quarter a year earlier, in the last quarter on record?
Actual2.1%
It was 2.1%. Most people guess higher, because the quarter before came in at 9.3% and the company talks about record revenue. Both things are in the same chart.
Show answer
2.1% It was 2.1%. Most people guess higher, because the quarter before came in at 9.3% and the company talks about record revenue. Both things are in the same chart.
Data table
| period | revenue | yoy |
|---|---|---|
| 2023Q1 | $21.4bn | — |
| 2023Q2 | $19.4bn | — |
| 2023Q3 | $20.1bn | 8.8% |
| 2023Q4 | $17.0bn | -5.3% |
| 2024Q1 | $21.0bn | -2.0% |
| 2024Q2 | $20.0bn | 3.1% |
| 2024Q3 | $20.2bn | 0.3% |
| 2024Q4 | $19.5bn | 14.2% |
| 2025Q1 | $21.6bn | 2.8% |
| 2025Q2 | $21.7bn | 8.2% |
| 2025Q3 | $22.1bn | 9.3% |
| 2025Q4 | $19.9bn | 2.1% |
Zoom out a year and the stock still beat the market
One bad week is not one year. An amount put into Citigroup shares on 23 October 2025 grew 27.4% by 23 October 2026. The same amount in the broad market grew 14.4%. The ride was bumpy: along the way the stock sat -16.8% below its own high point at the worst moment. Past performance does not predict future results, and a single year says nothing about the next one.
Quick quiz
A company reports its best revenue in years and the stock falls. What does that usually tell you?
Why：Prices move on surprises. Here the growth rate in the last quarter on record was 2.1%, slower than the 9.3% of the quarter before, which shows the pace was already easing.
Show answer
Expectations were already high Prices move on surprises. Here the growth rate in the last quarter on record was 2.1%, slower than the 9.3% of the quarter before, which shows the pace was already easing.
Risks
- A goodwill charge a year earlier flatters the year-on-year profit comparison.
- Three peers is a small, rough basket for a price comparison.
- Currency swings or accounting changes distort year-on-year figures.
Sources
- FinMind USStockPrice BAC — data as of 2026-10-23; fetched 2026-10-25 17:05 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice C — data as of 2026-10-23; fetched 2026-10-25 17:05 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice JPM — data as of 2026-10-23; fetched 2026-10-25 17:05 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice WFC — data as of 2026-10-23; fetched 2026-10-25 17:05 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- SEC EDGAR XBRL companyfacts, Citigroup Inc — data as of 2025-12-31; fetched 2026-10-25 15:43 UTC