earnings
confidence high
sentiment positive
materiality 0.80
Citi Q2 net income up 45% to $5.8B; revenue $24.8B (+14% YoY); plans 12% dividend increase, $30B buyback
CITIGROUP INC
- Net income $5.8B, EPS $3.15 vs $1.96 YoY; revenue $24.8B (+14% YoY).
- Services revenue record $6.4B (+18%); Markets equities +45%; Banking +34%.
- Plans to increase dividend by 12% and launch $30B buyback; returned ~$5B in Q2.
- CET1 ratio 12.8%; book value $114.74, tangible book $100.89.
- Net credit losses $2.4B (+8% YoY); operating expenses $14.2B (+5%).