Citigroup (NYSE:C) reported better-than-expected second-quarter financial results on Tuesday.
Citigroup reported on Tuesday that the second-quarter fiscal 2025 revenue growth was 8% year-over-year and was $21.7 billion, beating the analyst consensus estimate of $20.9 billion. This growth was driven by each of the five interconnected businesses. The U.S. banking giant reported earnings per share of $1.96, increased from $1.52 a year ago, beating the analyst consensus estimate of $1.63.
Services revenues of $5.1 billion were up 8%, driven by Treasury and Trade Solutions growth. Markets revenues of $5.9 billion increased 16%, driven by growth in Fixed Income and Equity markets revenues.
Citigroup shares gained 3.7% to close at $90.72 on Tuesday.
These analysts made changes to their price targets on Citigroup following earnings announcement.
- Morgan Stanley analyst Betsy Graseck maintained Citigroup with an Overweight and raised the price target from $103 to $107.
- TD Cowen analyst Steven Alexopoulos maintained Citigroup with a Hold and raised the price target from $85 to $95.
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