Citigroup's profit surged as record stock-trading revenue beat every analyst estimate

Net income rose to $5.8 billion, or $3.15 per share, topping all 20 analyst estimates as equities trading revenue climbed 45%

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Citigroup $C posted second-quarter net income of $5.8 billion, or $3.15 per diluted share, clearing every analyst estimate on the strength of record equity-trading results and a sharp jump in investment banking fees that pushed quarterly revenue to its highest point in ten years.

Earnings per share of $3.15 exceeded all 20 analyst estimates compiled by Bloomberg. Analysts on average expected a profit of $2.74 per share, according to Reuters. Total revenue........

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