Citigroup Earnings, Revenue Beat in Q2

Stock Market
© Reuters.  Citigroup Earnings, Revenue Beat in Q2 © Reuters. Citigroup Earnings, Revenue Beat in Q2

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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.

Let’s block ads! (Why?)

Stock Market News

Leave a Reply

Your email address will not be published. Required fields are marked *