“Citigroup tops expectations for profit and revenue on strong Wall Street results” [Jul 12 2024]
July 26, 2024
“…
- Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity.
- Investment banking revenue surged 60% to $853 million, driven by strong issuance of investment grade bonds and a rebound in IPO and merger activity from low levels in 2023.
- Citigroup was just this week rebuked for failing to fix its regulatory shortfalls.
…”
https://www.cnbc.com/2024/07/12/citigroup-c-earnings-q2-2024.html