Evercore Partners Lifts Estimates, PT on Citi (C) Following Solid Q2

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Go back to Evercore Partners Lifts Estimates, PT on Citi (C) Following Solid Q2

Citigroup (C) Has 'Upside', Says Goldman Sachs

July 15, 2013 2:50 PM EDT

On Monday morning Citigroup, Inc. (NYSE: C) reported Q2 EPS of $1.25 (excluding CVA/DVA) $0.07 better than the analyst estimate of $1.18. The beat was driven by stronger top line as well as better credit trends, noted Goldman Sachs analyst Richard Ramsden. In his view, Citigroups long... More

Citi (C) Tops Q2 EPS by 7c; Capital Ratios Improve Across the Board

July 15, 2013 8:00 AM EDT

(Updated - July 15, 2013 8:07 AM EDT)

Citigroup, Inc. (NYSE: C) reported Q2 EPS of $1.25 excluding CVA/DVA, $0.07 better than the analyst estimate of $1.18. Revenue for the quarter came in at $20.5 billion versus the consensus estimate of $19.67 billion. Revs were $20 billion flat excluding CVA/DVA.

Adjusted net income was a 26 percent improvement over the same period last year. Citi said, The increase reflected revenue growth and lower net credit losses, partially... More