Citigroup (C) Q2 Earnings Beat as Loan Demand Improves
CCiti(C) ZACKS·2024-07-13 00:32

Citigroup Inc.’s (C) second-quarter 2024 net income per share of $1.52 surpassed the Zacks Consensus Estimate of $1.40. The metric increased 14.3% from the year-ago quarter’s levels.Shares of C have gained 3.3% in the pre-market trading on a higher-than-expected quarterly performance.It witnessed a rise in total loans in the quarter. However, deposits declined on a year-over-year basis.Net income in the quarter was $3.22 billion, increased 10.4% from the prior-year quarter’s levels.Revenues Increase, Expens ...