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Citigroup: Q2 Earnings Snapshot
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NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Tuesday reported second-quarter earnings of $5.83 billion.

The company, based in New York, said it had earnings of $3.15 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.72 per share.

The U.S. bank posted revenue of $45.3 billion in the period. Its revenue net of interest expense was $24.77 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $23.68 billion.

Citigroup shares have climbed 21% since the beginning of the year, while the S&P's 500 index has increased nearly 10%. The stock has risen 62% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on C at https://www.zacks.com/ap/C

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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