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Citigroup shares rise after bank reports better-than-expected earnings on strong trading results



They Made Money from TRADING STOCK, AND BONDS, EVERYONE IS BUYING STOCKS. That's how they beat estimates


Citigroup reported on Tuesday second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue that helped offset a slowdown in the company’s consumer banking business. 


Here’s how the company’s results compared to analyst estimates:


Earnings: 50 cents per share vs 28 cents per share expected by Refinitiv


Revenue: $19.77 billion vs $19.12 billion forecast


Fixed income, currency and commodities trading revenue: $5.6 billion vs $4.86 billion forecast by FactSet


CNBC


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