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 and allegedly conceived by candlelight in 1984, Christopher was raised in Edinburgh, Scotland. After four years in the British Royal Navy, he decided to leave the sea...