Citi just reported earnings. Here are the numbersCitigroup just reported its second-quarter earnings. Here’s what the company reported, compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings per share: $3.15 vs. $2.74 expectedRevenue: $24.77 billion vs. $23.74 billion expected— Michele LuhnHere’s what helped lift Goldman SachsTaking a step back, Goldman Sachs benefited from nearly every aspect of the Wall Street recovery: Equities trading was the standout, but the return of IPOs, a healthy level of M&A activity, and the rise in value of their private equity holdings all contributed.Goldman shares are up about 1.9% in premarket trading.— Hugh Son10 Min AgoBofA sees ‘resilient’ consumerBofA CFO Alastair Borthwick told reporters that the bank remains encouraged by the near-term outlook even as geopolitical tensions cause some instability in the broader market.”Consumers remain resilient,” he said. “Always, the biggest risk is what’s going on with the economy, and right now the biggest driver, consumer, is doing really well.”— Laya Neelakandan12 Min AgoInvestment banking fees see massive gains across banksThis quarter saw some of the biggest gains ever for investment banking fees:Goldman Sachs: up 55% to $3.4 billionJPMorgan: up 30% to $3.3 billionBofA: up 50% to $2.1 billionBut there’s a question as to whether this momentum can continue. Goldman said its backlog has increased relative to last quarter and last year. But the conference calls should yield more details about the pipelines.— Leslie Picker14 Min AgoGoldman investment banking fees soarGoldman Sachs signage during the DPC Holdings Ltd. initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, June 25, 2026. Michael Nagle | Bloomberg | Getty ImagesGoldman’s investment banking fees jumped 55% from the year earlier to $3.4 billion, or about $610 million higher than the estimate.They cite strength in equity underwriting, thanks to IPOs and secondary offerings, as well as debt issuance.Revenues from advising on mergers also rose, and crucially, the deals backlog increased from this year’s first quarter, which is a good sign for the back half of the year.— Hugh Son19 Min AgoBofA CFO says asset quality remains ‘healthy’BofA CFO Alastair Borthwick said the bank saw positive signs overall from its investment portfolios.”Consumers also grew average deposits and loans, while asset quality remained healthy and in line with our expectations,” Borthwick said on a call with reporters.He added that consumer investment assets rose nearly 20% from last year.— …
