Citigroup on Tuesday reported second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue that helped offset a slowdown in the company’s consumer banking business.
Here’s how the company’s results compared to analyst estimates:
- Earnings: 50 cents per share vs 28 cents per share expected by Refinitiv
- Revenue: $19.77 billion vs $19.12 billion forecast
- Fixed income, currency and commodities trading revenue: $5.6 billion vs $4.86 billion forecast by FactSet
The bank’s stock dipped more than 2% in morning trading, however.
