Citigroup posts USD3.9 billion as net income for Q2

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Citigroup Inc. said its net income for the second quarter 2017 of USD3.9 billion, or USD1.28 per diluted share, on revenues of $17.9 billion.

The net income is a 3% decrease on a year on a year basis.

Revenues increased 2% from the prior year period, driven by growth in Institutional Clients Group (ICG)and Global Consumer Banking (GCB), partially offset by lower revenues in Corporate / Other.

Earnings per share of $1.28 increased 3% from $1.24 per diluted share in the prior year period, driven by a 6% reduction in average diluted shares outstanding, partially offset by the lower net income.

See below highlights of the result:

  • Revenues of $17.9 Billion
  • Returned $2.2 Billion of Capital to Common Shareholders
  • Repurchased 29 Million Common Shares
  • Book Value per Share of $77.36
  • Tangible Book Value per Share of $67.32
  • Total deposit was USD959 billion as of quarter end
  • Citigroup’s end of period loans were USD645 billion as of quarter end