Citigroup Inc. (NYSE: C) reported second quarter 2021 earnings results today.
Total revenues dropped 12% year-over-year to $17.5 billion, driven by market normalization in Fixed Income Markets and lower average card loans in Global Consumer Banking.
Net income was $6.2 billion, or $2.85 per share, compared to $1.1 billion, or $0.38 per share, in the prior-year period. The growth in net income was driven by lower cost of credit.
End-of-period deposits were $1.3 trillion, up 6% on a reported basis and 4% in constant dollars.
