Citigroup shares slide on second-quarter revenue miss as deposits and trading results fall short

Fred Imbert | July 13, 2018

Citigroup shares slide on second-quarter revenue miss as deposits and trading results fall short
Citigroup shares fell on Friday after the banking giant reported weaker-than-expected quarterly revenue. The company's earnings per share, however, topped estimates. Here is how Citigroup's second-quarter results fared against Wall Street estimates: Earnings: $1.63 per share vs $1.56 forecast by Thomson Reuters. Revenue: $18.469 billion vs $18.512 billion expected by Reuters. The company's stock fell by 2.7 percent. Citigroup delivered disappointing results on deposits and trading. Deposits for the quarter totaled $996.7 billion, below a StreetAccount estimate of $1.009 trillion. Meanwhile, fixed income trading revenue came in at $3.08 billion, slightly under a forecast of $3.11 billion. Equities trading raked in $864 million, while analysts polled by StreetAccount expected a total of $1.1 billion.

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