Citigroup GAAP EPS of $2.19 Beats By $0.52, Revenue of $19.64B Beats By $1.32B

Seeking Alpha2022-07-15
  • Citigroup(NYSE:C): Q2 GAAP EPS of $2.19 beats by $0.52.
  • Revenue of $19.64B (+12.4% Y/Y) beats by $1.32B.
  • Revenues increased 11% from the prior-year period, with growth in both net interest income as well as non-interest revenue.
  • Citigroup cost of credit of $1.3 billion in the second quarter 2022 compared to $(1.1) billion in the prior-year period, reflecting a net build in the allowance for credit losses (ACL) of $0.4 billion, compared to a net ACL release of $2.4 billion in the prior-year period, partially offset by lower net credit losses.
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Comments

  • Maverick75
    2022-07-16
    Maverick75
    Swee [Like] [Like] [Like] 
  • N00b
    2022-07-15
    N00b
    Nice. Like pls
  • paul55555
    2022-07-15
    paul55555
    Wow
  • KY56
    2022-07-15
    KY56
    Nice.👍😊
  • ETT
    2022-07-15
    ETT
    Glad to have gotten in before the release of the earnings report
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