NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Tuesday reported second-quarter earnings of $5.83 billion.
The company, based in New York, said it had earnings of $3.15 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.72 per share.
The U.S. bank posted revenue of $45.3 billion in the period. Its revenue net of interest expense was $24.77 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $23.68 billion.
Citigroup shares have climbed 21% since the beginning of the year, while the S&P’s 500 index has increased nearly 10%. The stock has risen 62% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on C at https://www.zacks.com/ap/C
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