Investing.com - Citigroup (NYSE:C) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Citigroup announced earnings per share of $2.19 on revenue of $19.64B. Analysts polled by Investing.com anticipated EPS of $1.65 on revenue of $18.35B.
Citigroup shares are down 26% from the beginning of the year and are trading at $45.20 , down-from-52-week-high.They are under-performing the S&P Global 100 which is down 17.76% from the start of the year.
Citigroup shares gained 2.40% in pre-market trade the report.
Citigroup follows other major Financial sector earnings this month
Citigroup's report follows an earnings missed by JPMorgan on Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.94 on revenue of $31.82B.
Wells Fargo&Co had missed expectations on Friday with second quarter EPS of $0.82 on revenue of $17.03B, compared to forecast for EPS of $0.8526 on revenue of $17.62B.
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