Citigroup: Strong Performance Points To Sustained Upside Momentum

Robert Way Citigroup (NYSE:C) reported earnings for the June quarter on July 12th, comfortably beating analyst consensus estimates on both revenue and earnings. However, despite the strong results, shares declined by almost 2% as Citigroup warned that costs for the FY 2024 may come in at the higher end of the range. Now, while I do acknowledge that cost is a focus point for investors when drafting an equity story for the bank, I also highlight that an investment opportunity should be judged holistically ...