Citigroup earnings beat view; stock dips on revenue miss

Investment banking firm Citigroup (C) Friday came out with mixed results for the second quarter, when earnings rose sharply and came in above analysts’ estimates. Revenues increased modestly, aided by the strength of consumer banking, but missed expectations triggering a stock sell-off. The banking giant said net income advanced 15% to $4.5 billion during the … Continue reading Citigroup earnings beat view; stock dips on revenue miss