Citigroup reports second-quarter GAAP earnings per share of $3.15, exceeding expectations by $0.42 on $24.8 billion revenue.
Citigroup posted second-quarter GAAP earnings per share of $3.15, surpassing estimates by $0.42, as revenue reached $24.8 billion. The revenue figure, up 14.3% year-over-year, also exceeded projections by $1.07 billion.
The $24.8 billion revenue marks a 14% increase from the same period last year, driven by growth across all five of Citigroup’s interconnected business segments. Analysts had anticipated lower figures, making the beat notable.
No immediate market reaction was detailed in the release.