Citigroup (C) shares rose in early buying and selling Tuesday after the financial institution reported better-than-expected first-quarter outcomes as unstable markets boosted equities buying and selling.
The agency reported earnings per share (EPS) of $1.96 on income of $21.60 billion, whereas analysts surveyed by Seen Alpha anticipated $1.84 and $21.19 billion, respectively. Markets income rose 12% year-over-year to $6.0 billion, powered by a 23% soar in equities buying and selling income to $1.5 billion.
Citigroup inventory rose 4% Tuesday afternoon and was one of many high performers within the S&P 500. Shares entered the day down 10% in 2025.
Since financial institution earnings started final Friday, Morgan Stanley (MS), JPMorgan Chase (JPM), Wells Fargo (WFC), and Goldman Sachs (GS) all posted outcomes that beat analysts’ estimates, however executives have struck a cautious tone about the remainder of the yr because of uncertainty brought on by tariffs.
Citigroup CEO Jane Fraser stated she was bullish in regards to the prospects for the U.S. greenback, which is on observe to have its worst two-month stretch since 2002.
"When all is claimed and finished, and longstanding commerce imbalances and different structural shifts are behind us, the U.S. will nonetheless be the world's main financial system, and the greenback will stay the reserve forex," Fraser stated within the launch.
UPDATE—April 15, 2025: This text has been up to date with the most recent share value info.
