00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Citigroup shares rose Tuesday after the bank reported stronger-than-expected second-quarter
00:07results across its businesses, according to Benzinga. Revenue increased 14% to $2477 billion,
00:15topping the $23.74 billion estimate. Earnings reached $3.15 per share, above expectations of
00:22$2.72 as net income climbed 45% to $5.83 billion. Net interest income rose 13% on growth
00:31across
00:31cities' five businesses and legacy franchises. Non-interest revenue rose 18% as growth in
00:37banking services, wealth, and other businesses offset declines in U.S. consumer cards and markets.
00:43The bank reaffirmed its 2026 outlook, including 5% to 6% growth in net interest income, excluding
00:50markets. CFO Gonzalo Lucchetti said Citi still has work to do in equities, even after revenue
00:56from the business rose 45%. Shares were up by 0.81% at $134.35 in Wednesday's pre-market
01:03trading, according to data from Benzinga Pro. For all things money, visit Benzinga.com.
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