Citigroup Inc reports results for the quarter ended June 30 - Earnings Summary

• Citigroup Inc C reported quarterly adjusted earnings of $1.96​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.52. The mean expectation of eighteen analysts for the quarter was for earnings of $1.60 per share. Wall Street expected results to range from $1.47 to $1.73 per share.

• Revenue rose 7.6% to $21.67 billion from a year ago; analysts expected $20.98 billion.

• Citigroup Inc's reported EPS for the quarter was $1.96​.

• The company reported quarterly net income of $3.7 billion.

• Citigroup Inc shares had risen by 2.8% this quarter and gained 24.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.5% in the last three months.​

• In the last 30 days, twelve analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment banking & brokerage services peer group is also "buy"

• Wall Street's median 12-month price target for Citigroup Inc is $95.00, about 7.9% above its last closing price of $87.50

This summary was machine generated from LSEG data July 15 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)