Citigroup Inc. (NYSE:C) said on Monday that its second-quarter profits rose to $4.2 billion, or $1.34 per share, topping Wall Street estimates as growth in securities and banking rose by 25 percent.
The bank reported revenue of $20.5 billion.
This quarter’s results are a vast improvement from a year ago when the bank recorded a net income of $2.9 billion, or $0.95 per share, on revenues of $18.4 billion for the second quarter 2012.
Born in the traditional manner in 1984 with slightly more hair than he has now, Christopher was raised in Edinburgh, Scotland. After four wobbly years in the British Royal...