Citigroup Earnings, Revenue Beat in Q2
2022.07.15 18:07
Citigroup Earnings, Revenue Beat in Q2
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, still down 40.86% from its 52 week high of $74.64 set on August 12, 2021. They are under-performing the S&P 500 which is down 20.47% from the start of the year.
Citigroup shares gained 1.04% in pre-market trade following 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
