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Citigroup Opens Bank Earnings on Strong Note
The opening salvo on busy season for Q2 earnings reports was supplied by Citigroup C, which outperformed expectations on both top and bottom lines during today’s pre-market hours. Earnings of $1.95 per share easily beat the $1.80 expected and the $1.62 in the year-ago quarter. Revenues of $18.758 billion topped the $18.31 billion in the Zacks consensus.
Beating earnings estimates is nothing new for Citi — it’s last negative quarterly surprise was way back in Q4 2014. Loans were up 3% in the quarter while deposits rose 5%, though credit costs were up 16%. Investment booking revenues were down 10% year over year.
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https://finance.yahoo.com/news/citigroup...02184.html
![[Bild: Cc1dl1618.png]](https://finviz.com/publish/071519/Cc1dl1618.png)
The opening salvo on busy season for Q2 earnings reports was supplied by Citigroup C, which outperformed expectations on both top and bottom lines during today’s pre-market hours. Earnings of $1.95 per share easily beat the $1.80 expected and the $1.62 in the year-ago quarter. Revenues of $18.758 billion topped the $18.31 billion in the Zacks consensus.
Beating earnings estimates is nothing new for Citi — it’s last negative quarterly surprise was way back in Q4 2014. Loans were up 3% in the quarter while deposits rose 5%, though credit costs were up 16%. Investment booking revenues were down 10% year over year.
...
https://finance.yahoo.com/news/citigroup...02184.html
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