Friday, July 15, 2022

Citigroup Shares Surge As Q2 Profit Beats Estimates

Citigroup Inc. (C) said its second-quarter net income decreased 27% from the prior-year period, as higher cost of credit and an 8% increase in expenses more than offset the 11% increase in revenues. However, earnings per share which decreased 23% from the prior-year period, topped Wall Street estimates.

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