Citigroup’s CEO, Jane Fraser, spoke at the Milken Institute Global Conference in Beverly Hills. The bank reported second-quarter results that beat expectations, with earnings of $1.96 per share compared to the estimated $1.60 and revenue of $21.67 billion compared to the estimated $20.98 billion. The results include the volatile market period in early April, which could boost trading results.

Investors are eager to hear updates on CEO Jane Fraser’s turnaround plan. Citigroup has been scaling back international operations under her leadership, with recent layoffs in China. The bank’s stock has outperformed the market and peers, rising 24% year to date and 38% since April 14. Citigroup also raised its dividend to 60 cents per share following Federal Reserve stress tests.

Read more at CNBC: Citigroup (C) earnings Q2 2025