Jane Fraser, CEO, Citigroup, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2025.
Patrick T. Fallon | AFP | Getty Images
Citigroup reported second-quarter results on Tuesday that topped expectations after a three-month period that saw the bank’s stock dramatically outperform the market.
Here’s how Citigroup’s results compare to Wall Street expectations:
- Earnings: $1.96 per share vs $1.60 per estimate from LSEG
- Revenue: $21.67 billion vs $20.98 billion estimate
The second-quarter results reported Tuesday include the turbulent market period in early April. That volatility could help boost the results of equity and fixed income trading at major banks, including Citigroup. The still-murky tariff situation means that investors will be eager to hear from management about the firm’s updated outlook.
Investors will also be looking for updates about CEO Jane Fraser’s turnaround plan. Citigroup has been pulling back from international markets under Fraser as part of that plan, and the bank announced layoffs in China in June.
The results come after a first half where Citigroup’s stock outperformed the broader market and several of its universal bank peers. As of Monday’s close, the stock was up 24% year to date and 38% since April 14, which was the day before the bank’s first-quarter earnings report.
Citigroup previously announced a dividend hike to 60 cents per share from 56 cents July 2, following the Federal Reserve stress tests.
