Citi earnings show progress in CEO Jane Fraser's overhaul

Category: Business

Citi's second-quarter earnings signal positive results from CEO Jane Fraser's overhaul, with revenue up 4% to $20.1 billion and net income of $3.2 billion. The bank's reorganization led to a 2% decrease in operating expenses. Citi's stock has climbed 24% this year following the restructuring.

Keywords: Citi, second-quarter earnings, reorganization, Jane Fraser, stock performance

Source: Quartz

Update At: 7/12/2024

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