Citigroup Beats Analyst Expectations with Strong Q2 Earnings, But Regulatory Challenges Loom

Benzinga
Benzinga
  • 2 months ago
Citigroup's second-quarter earnings per share exceeded analysts' estimates, and its revenue was slightly above expectations. Citigroup CEO Jane Fraser has been working to simplify the bank's management structure and reduce costs. Earnings may take a backseat as regulators have recently rebuked Citigroup for failing to address regulatory shortfalls around data and risk management. Last year, the CEO announced plans to streamline operations and cut costs at the bank.

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