Citigroup (C) Q2 2025 profits

Citigroup I mentioned the second quarter results On Tuesday, analysts’ expectations were topped, helping to strengthen an arrow that was already outperforming the wider market.

Citigroup net income of $ 4.02 billion increased by 25 % of the same quarter of last year. Here’s how the bank’s results compared to Wall Street’s expectations:

• Profits: $ 1.96 per share for $ 1.60 per grade from Lseg
• Revenue: 21.67 billion dollars for 20.98 billion dollars

Citigroup shares increased more than 3 % after the report.

The company witnessed the growth of revenues in its business groups. Citigroup has reported the total market revenue that was 16 % higher for the same last period. The stock revenue alone increased by 6 % on an annual basis, and increased by 7 % from the first quarter.

The banking was another bright point, as revenues increased by 18 % during the second quarter of 2024, even with losses in loan hedges.

“We are improving the performance of our work to take participation and lead higher returns,” CEO Jane Fraser said in a statement. “With the increase in revenues by 8 %, services continue to show why these high -yielding businesses have been the jewel of the crown. The markets have achieved their best performance in the second quarter since 2020 with the second quarter of shares. Bank revenues increased by 18 % and we are still in the center of some of the most important transactions.”

The latest reported results on Tuesday included the turbulent market period that started in early April. This type of fluctuation can help enhance profits in stock and fixed income trade in major banks, including Citigroup.

“The volatility will be a feature that does not make a mistake in the new world order, and we will benefit from that,” Fraser said in a analyst on Tuesday.

More negative, Citigroup has reported 16 % growth in credit cost, which she partially nourished by building a higher net in credit losses. The bank referred to a “deterioration” in the economic view of last year as a reason for this step.

Fraser added that the total environment “has proven to be more flexible than expected”, but the bank is experiencing a slowdown in employment and capital expenditures by customers.

The CEO also said the bank has made “great progress” in its transformation plan. Citigroup was a retreat from the international markets and the bank The demobilization operations were announced in China In June. However, Fraser said that there was no update about the timetable for a preliminary publication of the bank’s unit of Mexico.

Citigroup is looking at a presentation that was published on Tuesday that he is now expecting $ 84 billion in the full year, which is the end of the bank’s previous guidance. Fraser also indicated that the bank is looking to use Stablecoins.

The results of the quarter in June come after the first half when Citigroup outperformed the broader market and many of its peers in global banks. As of the closure of Monday, Citi shares have been 24 % to date, and an increase of 38 % since April 14, the day that precedes the profit report in the first quarter of the bank.

Citigroup raised its quarterly profits to 60 cents per share from 56 cents Earlier this monthAfter the latest federal strain tests.