Citigroup earnings beat Wall Street estimates as consumer business shows growth

Citigroup reported better-than-expected quarterly results on Thursday, as its global consumer business showed further revenue growth.

Here’s how the banking giant’s results fared against Wall Street estimates:

  • EPS: $1.42 vs $1.32 expected by a Thomson Reuters survey
  • Revenue: $18.173 billion vs $17.896 billion expected
  • Fixed income trading: $2.877 billion vs StreetAccount’s projected $2.84 billion

The company’s stock traded flat in the premarket after the results were released.

“We had revenue increases in many of the products we have been investing in, tightly managed our…

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