Investing.com – Citigroup (NYSE:) reported on Tuesday second quarter that beat analysts’ forecasts and revenue that topped expectations.
Citigroup announced earnings per share of $ 0.5 on revenue of $ 19.77B. Analysts polled by Investing.com anticipated EPS of $ 0.36 on revenue of $ 18.78B.
Citigroup shares are down 34% from the beginning of the year , still down 37.19% from its 52 week high of $ 83.11 set on January 14. They are under-performing the S&P Global (NYSE:) 100 which is up 0.77% from the start of the year.
Citigroup shares gained 2.59% in pre-market trade following the report.
Citigroup follows other major Financial sector earnings this month
Citigroup’s report follows an earnings beat by JPMorgan on Tuesday, who reported EPS of $ 1.38 on revenue of $ 33.82B, compared to forecasts EPS of $ 1.19 on revenue of $ 30.41B.
Wells Fargo&Co had missed expectations on Tuesday with second quarter EPS of $ -0.66 on revenue of $ 17.84B, compared to forecast for EPS of $ -0.1 on revenue of $ 18.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.