Citigroup (c) save Q2 2025

Citigroup The second quarter reported yield On Tuesday, he has exceeded analytical expectations that help increase a shares that are superior to the larger market.

Citigroup’s net income has reached 4.02 billion dollars, 25% from the same quarter last year. Here’s how the bank’s results are compared to Wall Street expectations:

• Earnings: $ 1.96 per share, $ 1.60 from LSEG
• Revenues: $ 21.67 billion dollar estimate of $ 20.98 billion

Citigroup’s shares increased by more than 3% after the report.

The company saw the increase in income through business groups. Citigroup reported the income of the total markets with 16% higher in the same period a year ago. Capital revenues increased by 6% during the year and increased by 7% from the first quarter.

Banking was another bright point in the second quarter of 2024, even with credit hedging in the second quarter of 2024.

“We are improving their work to drive each of our work and higher income,” said CEO Jane Fraser said. “8% up to 8%, this high return continues to show why our crown jewelry is.

The turbulent market period, which began in early April, was reported to enter the beginning of April. This type of variation can help increase profits in capital and fixed income trading in large banks, including Citigroup.

“Sustainability goes, I suspect, not a mistake of the new world order, and we will benefit from it,” said Freyzer said with an analytical call on Tuesday.

In a more consensus, Citigroup gave an increase of 16% in the price of 16% in the price of a loan, 16% compared to higher net setting for credit losses. The bank quoted “deterioration” in a relatively economic worldview.

Fraser added that the general environment proves that “will be stronger than expected”, but the bank sees hiring and slow slowing down to capital expenditures by customers.

CEO also said that the bank’s transformation plan is “significant progress.” Citigroup withdrawn from international markets and bank Breasts announced in China in June. However, Fraser said that the bank was not updated about the schedule for the initial public proposal of the Mexican unit.

Forward, Citigroup, a presentation broadcast on Tuesday, now comes $ 84 billion for full year, expects the elevation of the previous management of the bank. Fraser also showed that he looked at the use of the bank stablecoins.

The results of the June quarter are coming after the first half of the first half of the Citigroup shares in the secondary market and several universal banking peers. As close on Monday, Citi shares were more than 24%, from April 14, the bank’s first quarter is more than 38%.

Citigroup lifted the quarterly dividend from 56 kopecks to 60 cents this month agoAfter the latest federal reserve stress tests.