Citigroup & Bank of America exceed market expectations

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Citigroup & Bank of America exceed market expectations

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07-18-2009, 06:30 AM

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Citigroup & Bank of America exceed market expectations

Citigroup and Bank of America have surprised analysts by reporting better than expected second-quarter results.Results from both banks have followed hot on the heels of strong results from fellow US Banking giants, JPMorgan Chase and Goldman Sachs.Citigroup posted a $4.3 billion second quarter profit due to gains on its Smith Barney deal. However, the bank [...]

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