Last week Adam highlighted 14 earnings reports to look out for this week and top of the list was Citigroup.
The headlines are up and they haven’t disappointed.
- EPS $1.24 vs $1.05 exp
- Total Q2 revenue $19.34bn vs $18.8bn exp. Still down from the same period in 2013 of $20.49bn
- Operating expenses rose to $15.5bn in Q2 from $12.1bn Q2 2013
This first release from one of the big banks may set the tone for stocks today and it looks positive as Citi’s shares in the pre-market are up 3.8%.
S&P futures are up 9 points at 1971
