Citigroup (C) earnings Q2 2024
Citigroup reported second-quarter results that exceeded profit and revenue expectations, driven by a rebound in Wall Street activity. Net income increased by 10% to $3.22 billion, with revenue rising by 4% to $20.14 billion. Equities trading revenue surged by 37%, while fixed income revenue slightly decreased by 3%. Investment banking revenue saw a significant increase of 60%. Citigroup CEO Jane Fraser highlighted the progress in executing the bank's strategy and the benefits of its diversified business model.
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