Citigroup kick off earnings week with a win as Q2 earnings beat expectations via ForexLive

Last week Adam highlighted 14 earnings reports to look out for this week and top of the list was Citigroup.

The headlines are up and they haven't disappointed.

• EPS $1.24 vs $1.05 exp
• Total Q2 revenue $19.34bn vs $18.8bn exp. Still down from the same period in 2013 of $20.49bn
• Operating expenses rose to $15.5bn in Q2 from $12.1bn Q2 2013

This first release from one of the big banks may set the tone for stocks today and it looks positive as Citi's shares in the pre-market are up 3.8%.

S&P futures are up 9 points at 1971

posted via ForexLive