News
Citigroup posts better-than-expected earnings and revenue, shares rise
Jane Fraser, Citi, at WEF, Davos, Jan. 17, 2023.
Adam Galica | CNBC
Citigroup shares rose in premarket on Friday after the bank reported second-quarter earnings and revenue that topped expectations.
Here’s how the company fared in the quarter compared to what analysts polled by Refinitiv expected from the banking giant.
- Earnings per share: $1.33 vs. $1.30
- Revenue: $19.44 billion vs. $19.29 billion
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Shares of Citigroup climbed nearly 2% in premarket trading. The stock is up 5.4% year to date, outperforming the SPDR S&P Bank ETF (KBE), which is down 14.8%.
This is breaking news. Please check back for updates.
Source: CNBC
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