Diversified Banks Post Strong Q2 Revenue Beats Led by Citigroup

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

The seven diversified banks tracked by the report posted a strong second quarter, with aggregate revenues beating analysts' consensus estimates by 4.6%. Bank of America reported revenues of $31.78 billion, up 15% year on year and exceeding expectations by 3.3%, while Citigroup delivered the best performance with revenues of $24.79 billion, up 14.3% and beating estimates by 4.5%. U.S. Bancorp was the weakest, reporting revenues of $7.76 billion, up 9.9% and surpassing expectations by 2.1% but missing tangible book value per share estimates. Wells Fargo posted revenues of $22.7 billion, up 8.6% and beating by 3.9%, and PNC Financial Services Group reported revenues of $6.68 billion, up 17.5% and beating by 3.8%. On average, share prices of the companies have held relatively steady since the latest earnings results.

Impact on stocks 5

Financials▲ · 4 stocks
Bank of America Corp
BAC
▲ PositiveCapitalrelevance

Bank of America reported Q2 revenues of $31.78B, up 15% YoY and beating estimates by 3.3%.

U.S. Bancorp
USB
± MixedCapitalrelevance

U.S. Bancorp reported Q2 revenues of $7.76B, up 9.9% and beating estimates by 2.1%, but missed tangible book value per share estimates.

Wells Fargo & Company
WFC
▲ PositiveCapitalrelevance

Wells Fargo posted Q2 revenues of $22.7B, up 8.6% and beating estimates by 3.9%.

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

Citigroup delivered the best performance with Q2 revenues of $24.79B, up 14.3% and beating estimates by 4.5%.

© 2026 MarketDXNews