Citigroup Reports Better Than Expected Q2 Results
<p><a href='https://financialmodelingprep.com/financial-summary/C'>Citigroup (NYSE:C)</a> reported its Q2 earnings results on Friday, with EPS of $1.33 beating the Street estimate of $1.30. Revenue came in at $19.4 billion, above the Street estimate of $19.27 billion, and representing a 1% decline year-over-year. Shares dropped more than 4% on Friday.</p>
<p>Although Citi's U.S. personal banking division experienced expansion, this growth was offset by weakness in its investment banking and markets unit. Specifically, markets revenue decreased by 13% to $4.6 billion, and investment banking fees saw a significant drop of nearly a quarter to $612 million.</p>
<p>The company announced a decline in profits for Q2 due to a decrease in deal activity affecting its investment banking division. However, this decrease was partially offset by growth in its personal banking segment.</p>

NYSE:C