Investing.com - Banking conglomerate Citigroup reported better-than-expected second quarter earnings and revenue on Monday, sending its shares higher in pre-market trade.
Earlier in the day, in its second quarter earnings report, Citigroup said adjusted earnings per share came in at USD1.25, above expectations for USD1.18 per share.
The bank’s second quarter revenue totaled USD20, beating forecasts for revenue of USD19.77 billion.
Michael Corbat, Chief Executive Officer of Citi, said, "Our businesses performed well during the quarter and these results are well-balanced through our products and geographies, especially in the emerging markets, where growth is being challenged. “
Immediately after the earnings announcement, Citigroup shares jumped 2% in trading prior to the opening bell.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.2%, S&P 500 futures pointed to a rise of 0.2% and Nasdaq 100 futures indicated an advance of 0.2% at the open.