Citi Reports Record Income from Continuing Operations of $6.2 Billion, up 18%.
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Citi Reports Record Income from Continuing Operations of $6.2 Billion, up 18%.
Record EPS from Continuing Operations of $1.24, up 18%
Record Revenues of $26.6 Billion, up 20% Record International Results with Revenues up 34%, Net Income up 35% Record Revenues and Net Income in Markets & Banking and Wealth Management NEW YORK -- Citigroup Inc. (NYSE:C) today reported net income for the 2007 second quarter of $6.23 billion, or $1.24 per share, both up 18%. International revenues and net income were a record, up 34% and 35%, respectively. Return on equity was 20.1%. Management Comment "We have very clear priorities to drive growth and we are executing on all of them. We generated record revenues, up 20%, and record earnings from continuing operations, up 18%, both driven by our record international results," said Charles Prince, Citi Chairman and Chief Executive Officer. "We continued to generate revenue and volume growth in our U.S. consumer franchise, while making excellent progress in re-weighting Citi toward our other businesses, especially our international franchises, where revenues and net income increased over 30%. Our capital markets-driven businesses performed extremely well...See the full content of this document
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