Company News: Citigroup (C) quarterly results beat analysts’ forecasts

Market news

14 July 2021

Company News: Citigroup (C) quarterly results beat analysts’ forecasts

Citigroup (C) reported Q2 FY 2021 earnings of $2.85 per share (versus $0.50 per share in Q2 FY 2020), beating analysts’ consensus estimate of $1.88 per share.

The company’s quarterly revenues amounted to $17.500 bln (-11.5% y/y), beating analysts’ consensus estimate of $17.182 bln.

С rose to $68.60 (+0.34%) in pre-market trading.

U.S.: PPI excluding food and energy, Y/Y, June 5.6% (forecast 5.1%)

Company News: Wells Fargo (WFC) quarterly results solidly beat analysts’ estimates

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