Wall Street's Volatility Windfall
Citigroup's Q1 2026 trading revenue surged as geopolitical turmoil rattled investors
Q1 2026 TRADING REVENUE
$6.8B
highest since Q4 2015
BEAT ESTIMATE BY
22%
$1.2B above consensus
LOAN-LOSS PROVISION
+$890M
up 34% from Q4 2025
ROCE
9.1%
Fraser's 2026 target: 8–9%
Understanding Volatility Trading
Data Sources
Citigroup quarterly earnings reports · Bloomberg terminal data · CBOE VIX historical · Federal Reserve call reports