Citigroup Inc. (C) got 70.2% of its 2025 net revenue from net interest income, the gap between the interest a bank earns and the interest it pays, compared with 14.2% at Morgan Stanley (MS). Third-quarter 2026 filings show both shares rose from a year earlier, to 71.2% at Citi and 16.0% at Morgan Stanley.
How much of Citigroup's revenue comes from net interest income?
Citi's third-quarter net interest income rose 14% from a year earlier to $16.98 billion, while total revenues, after interest costs, rose 8% to $23.85 billion. The share was 67.6% a year earlier.
Citi said in its earnings release that the increase was "driven by growth in Markets, Services, Wealth and U.S. Consumer Cards."
How much of Morgan Stanley's revenue comes from net interest income?
Morgan Stanley's net interest rose 30% to $3.25 billion, and net revenues rose 12% to $20.34 billion. The share was 13.7% a year earlier.
In Wealth Management, the bank said in its earnings release that net interest income growth was "primarily driven by the cumulative impact of lending growth and higher average sweep deposits."
Neither bank's third-quarter filings give a numerical net interest income forecast.
Citi stock fell 5.60% to $124.53 at the Oct. 13 close (4 p.m. ET), from $131.92, as the S&P 500 slipped 0.02%. Morgan Stanley fell 2.75% to $181.51 at the Oct. 14 close (4 p.m. ET), from $186.64, as the S&P 500 fell 1.11%. Neither company's filings give a reason for the moves.
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Sources: Citigroup Inc., 2025 Form 10-K, Form 8-K, Oct. 13, 2026, Q3 2026 earnings release and Q3 2026 financial supplement; Morgan Stanley, 2025 Form 10-K, Form 8-K, Oct. 14, 2026, and Q3 2026 earnings release; Financial Modeling Prep, daily closes for C, MS and the S&P 500, Oct. 12–14, 2026.
Silvia News is for information only and is not investment advice.
