The bank reported quarterly earnings of $1.28 per share, eclipsing Wall Street estimates of $1.21 per share.
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Citigroup beats on earnings as fixed income business soars
Citigroup beat second-quarter earnings Friday thanks in part to its soaring fixed income business.
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“During the quarter, we sawcontinued momentum in ourbusinesses, with loan andrevenue growth across both sidesof the house," Citi CEO Michael Corbat said. "Our GlobalConsumer Bank posted revenuegrowth in all three regions. OurInstitutional Clients Group had avery strong quarter all-around,including its best InvestmentBanking performance in sevenyears.
Here are the key numbers:
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