Citigroup Outperforms Wells Fargo and Bank of America Year-to-Date Despite Mixed Stock Reactions
Citigroup (C) has outperformed its peers, rising 13.75% year-to-date compared to a decline in Wells Fargo (WFC) stock (-8.82%) and modest gains for Bank of America (BAC). Citigroup reported record Q2 earnings driven by strong equity trading revenue but saw shares fall after the announcement.
Topics: buybacks dividend increase earnings report stock performance