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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. (