Citigroup posts better-than-expected earnings and revenue
Publishing timestamp: 2023-07-14 16:04:09
Summary
Citigroup reported second-quarter earnings and revenue that exceeded expectations, but revenue fell 1% from the previous year due to declines in markets and investment banking. The uncertain macroenvironment and low volatility impacted client activity and market performance. However, revenue from personal banking and wealth management increased. Citigroup's net income fell 36% year over year.
Sentiment: MIXED
Keywords: banks, breaking news: earnings, wall street, business news, stock markets, earnings, citigroup inc, spdr s&p bank etf, breaking news: markets, markets, investment strategy,
Source: https://www.cnbc.com/2023/07/14/citigroup-c-q2-earnings-report-2023.html