Citigroup (C): Q2 EPS of $0.95 beats by $0.05. Revenue of $18.64B (-9.6% Y/Y) misses by $120M
Citigroup (C +2.3%) Q2: Excluding CVA/DVA and a loss on the sale of a 10.1% stake in Akbank, net income -1% to $3.1B. Basel III Tier 1 Common Ratio 7.9%. Loan loss reserve release -50% to $984M, deposits +6% to $914B. Citicorp loans +10% to $527B. Citi Holdings loans -2% to $128B, assets -28% to $191B.
Citigroup (C +2.3%) Q2: Excluding CVA/DVA and a loss on the sale of a 10.1% stake in Akbank, net income -1% to $3.1B. Basel III Tier 1 Common Ratio 7.9%. Loan loss reserve release -50% to $984M, deposits +6% to $914B. Citicorp loans +10% to $527B. Citi Holdings loans -2% to $128B, assets -28% to $191B.
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