On the evening of July 14th, Beijing time, before the U.S. stock market opened, Citigroup announced better-than-expected second-quarter results, indicating that large banks continue to benefit from the Federal Reserve's interest rate policy.
According to the financial report, Citigroup's second-quarter revenue was $19.44 billion, with earnings per share of $1.33. Second-quarter FICC sales and trading revenue were $3.53 billion, slightly higher than the market estimate of $3.51 billion. Operating expenses for the second quarter were $13.57 billion, in line with the market estimate of $13.55 billion. The total cost of credit for the second quarter was $1.82 billion.
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(Updating)

Citigroup's Q2 revenue was $19.44 billion, slightly higher than the market expectation of $19.34 billion. The earnings per share were $1.33, also surpassing the market expectation of $1.31. Updating.

Citigroup rises more than 1% in pre-market trading, with Q2 revenue reaching $19.4 billion | Financial Report Insights