Jane Fraser, CEO, Citigroup, speaks on the twenty eighth annual Milken Institute International Convention on the Beverly Hilton in Beverly Hills, California on Could 5, 2025.
Patrick T. Fallon | AFP | Getty Photographs
Citigroup reported second-quarter outcomes on Tuesday that topped expectations after a three-month interval that noticed the financial institution’s inventory dramatically outperform the market.
Here is how Citigroup’s outcomes evaluate to Wall Road expectations:
- Earnings: $1.96 per share vs $1.60 per estimate from LSEG
- Income: $21.67 billion vs $20.98 billion estimate
The second-quarter outcomes reported Tuesday embrace the turbulent market interval in early April. That volatility might assist increase the outcomes of fairness and stuck earnings buying and selling at main banks, together with Citigroup. The still-murky tariff scenario implies that buyers shall be keen to listen to from administration in regards to the agency’s up to date outlook.
Traders may even be in search of updates about CEO Jane Fraser’s turnaround plan. Citigroup has been pulling again from worldwide markets beneath Fraser as a part of that plan, and the financial institution announced layoffs in China in June.
The outcomes come after a primary half the place Citigroup’s inventory outperformed the broader market and a number of other of its common financial institution friends. As of Monday’s shut, the inventory was up 24% 12 months up to now and 38% since April 14, which was the day earlier than the financial institution’s first-quarter earnings report.
Citigroup beforehand introduced a dividend hike to 60 cents per share from 56 cents July 2, following the Federal Reserve stress exams.