Home Finance Citigroup GAAP EPS of $2.19 beats by $0.52, revenue of $19.64B beats by $1.32B
Citigroup GAAP EPS of $2.19 beats by $0.52, revenue of $19.64B beats by $1.32B
Lagarde Advisory
Jul 16, 2022
- Citigroup press release (NYSE:C): Q2 GAAP EPS of $2.19 beats by $0.52.
- Revenue of $19.64B (+12.4% Y/Y) beats by $1.32B.
- Revenues increased 11% from the prior-year period, with growth in both net interest income as well as non-interest revenue.
- Citigroup cost of credit of $1.3 billion in the second quarter 2022 compared to $(1.1) billion in the prior-year period, reflecting a net build in the allowance for credit losses of $0.4 billion, compared to a net ACL release of $2.4 billion in the prior-year period, partially offset by lower net credit losses.
