Citigroup reported a strong second-quarter net income of $4 billion, a 25% increase from the previous year. The rise in earnings was attributed to higher revenue, although it was partially offset by increased credit costs and expenses. Earnings per share were $1.96, exceeding the expected $1.61, while revenue also beat expectations at $21.7 billion, an 8% increase from last year.

Read more at Barron’s: Citigroup Profit Jumps 25%