Citigroup tops estimates for first-quarter revenue
Summary by Bloomberg
Citigroup Inc.’s profit topped analysts’ estimates as corporations tapped markets for financing and consumers leaned on credit cards — signs that a prolonged period of elevated interest rates will benefit big banks.
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Citigroup tops estimates for first-quarter revenue
CNBC’s Leslie Picker joins ‘Squawk Box’ to report on Citigroup's quarterly earnings results.
Citi Profit Beats as Companies, Consumers Go on Borrowing Binge
Citigroup Inc.’s profit topped analysts’ estimates as corporations tapped markets for financing and consumers leaned on credit cards — signs that a prolonged period of elevated interest rates will benefit big banks.
Citigroup (NYSE: C) reported its first-quarter earnings Friday. Earnings and revenue topped analyst consensus expectations, pushing its stock price 1% higher premarket.The bank posted earnings per share of $1.58, above...