Citigroup Reports Second Quarter 2019 Results
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Citigroup (C) Erases Earlier Decline, Goes Green Slightly; Earnings Call Ongoing
July 15, 2019 10:30 AM EDTMason: Citi (NYSE: C) Erases Earlier Decline, Goes Green Slightly; Earnings Call Ongoing
Citigroup (C) Tops Q2 EPS by 2c
July 15, 2019 7:59 AM EDT(Updated - July 15, 2019 8:01 AM EDT)
Citigroup (NYSE: C) reported Q2 EPS of $1.83, $0.02 better than the analyst estimate of $1.81. Revenue for the quarter came in at $18.76 billion versus the consensus estimate of $18.49 billion.
Earnings per share of $1.95 increased 20% from the prior-year period including the gain. Excluding the Tradeweb gain7, earnings per share of $1.83 increased 12% primarily driven by a 10% reduction in average diluted shares outstanding and the lower effective... More