Citigroup profit rises 18% in Q2
Citigroup reported Friday morning that its Q2 net income rose 18% to $6.23 billion.
Net income for the Q2 reached $6.23 billion, or $1.24 per share, both up 18% from the same period last year. Revenue rose 20%, to $26.63 billion, from $22.18 billion. International revenues and net income were a record, up 34% and 35%, respectively.
"We generated record revenues, up 20%, and record earnings from continuing operations, up 18%, both driven by our record international results," said Citi Chairman and CEO Charles Prince. Shares of Citigroup rose 87 cents, or 1.70%, to $52.00 on New York Stocks Exchange. (english.people.com.cn)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.