Citigroup, Inc.
(NYSE:C) stock rose on Tuesday after the bank reported stronger-than-expected second-quarter results, driven by broad-based growth across its businesses.
Strong First-Quarter Financial Performance The bank posted revenue, net of interest expense, of $24.77 billion, up 14% from a year earlier and above analyst estimates of $23.74 billion.
Excluding foreign exchange impacts, revenue increased 13%.
Net income climbed 45% to $5.83 billion, while earnings per share of $3.15 topped expectations of $2.72.
