Citigroup Leads Diversified Banks Q2 Earnings Beat

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Citigroup reported second-quarter revenues of $24.79 billion, up 14.3% year over year and 4.5% above analyst expectations, making it the best performer among seven diversified banks tracked. Wells Fargo posted revenues of $22.7 billion, up 8.6% and beating estimates by 3.9%, while U.S. Bancorp reported $7.76 billion, up 9.9% and exceeding estimates by 2.1%. PNC Financial Services Group delivered $6.68 billion, up 17.5% and surpassing estimates by 3.8%, and Truist Financial recorded $5.31 billion, up 5.1% and beating estimates by 1.5%. As a group, the seven banks beat consensus revenue estimates by 4.6%, and their shares are up 3% on average since reporting.

Impact on stocks 5

Financials▲ · 4 stocks
U.S. Bancorp
USB
▲ PositiveCapitalrelevance

U.S. Bancorp beat revenue estimates by 2.1% with revenues up 9.9%.

Digital Finance & Tokenization▲ · 1 stocks
Citigroup Inc.
C
▲ PositiveCapitalrelevance

Citigroup beat revenue estimates by 4.5% and led diversified banks in Q2 earnings.

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