Sat, Jul 16th, 2022 - 7:00pm
July 17, 2022 - 12:30pm | By Kyle Cornell
(New York, NY) -- Citigroup earnings are beating estimates by a lot.
Citi posted second-quarter earnings of two-19 per share on revenue of 19-point-64 billion dollars. Wall Street analysts expected earnings of a dollar-68 per share on 18-point-22 billion dollars in revenue.
So far, Citigroup is the only bright spot among second-quarter bank earnings. JPMorgan Chase, Morgan Stanley, and Wells Fargo all came up short of estimates. Bank of America and Goldman Sachs are scheduled to report earnings on Monday.
