Citigroup (C) Q2 2026 (USD): EPS 3.15 (exp. 2.74), Revenue 24.8bln (exp. 23.7bln)

FICC sales & trading revenue 4.71bln (exp. 4.56bln). Equities sales and trading revenue 2.03bln (exp. 1.90bln). Provision for credit losses 2.5bln, reflecting 2.4bln of net credit losses. Operating expenses 14.2bln +5% Y/Y, driven by higher compensation and benefits,  transactional and product servicing expenses, deposit insurance costs, as well as the impact of foreign exchange  translation, partially offset by lower professional services expenses.  Net credit losses were up 8% Y/Y, driven by increases in Banking and Legacy Franchises.