5 Key Quarterly Reports from The Financial Sector

3. Citigroup Inc. (NYSE:C)

Number of Hedge Fund Holders: 88

Citigroup Inc. (NYSE:C) surpassed profit and revenue expectations for the second quarter. As a result, its shares rose more than four percent in the pre-market trading session on Friday, July 15, 2022.

Citigroup Inc. (NYSE:C) reported earnings of $2.19 per share, crushing analysts’ average estimate of $1.69 per share. Moreover, the quarterly revenue of $19.64 billion also exceeded the consensus of $18.12 billion

If we look at the performance of flagship segments of Citigroup Inc. (NYSE:C), revenue from the institutional clients group jumped 20 percent to $11.4 billion, while personal banking and wealth management revenue rose 6 percent to $6 billion in the quarter. On the downside, revenue from the legacy franchises declined 15 percent to $1.9 billion.