Citigroup Inc C reported a 24% rise in its second-quarter profit.
Citigroup's profit surged to $3.34 billion, or $1.09 per share, from $2.70 billion, or $0.90 per share, in the year-ago period. Its total revenue dropped to $20.62 billion, from $22.07 billion. Analysts were expecting earnings of $0.96 per share on revenue of $19.87 billion.
Citigroup shares gained 3% to $40.19 in pre-market trading.
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