11:39 AM EDT, 07/15/2025 (MT Newswires) -- Citigroup's ( C ) second-quarter results surpassed Wall Street's expectations, buoyed by trading gains and double-digit revenue growth in investment banking.

Earnings per share rose to $1.96 from $1.52 a year earlier and exceeded the consensus on FactSet for $1.61. Revenue grew 8% to $21.67 billion, above the Street's estimate of $20.96 billion.

Citigroup ( C ) shares were up 1.4% intraday Tuesday.

Citi's markets revenue jumped 16% to $5.88 billion, reflecting a 6% increase in equity trading to $1.61 billion. Fixed income market revenue surged 20%.

"Markets had its best second-quarter performance since 2020 with a record second quarter for equities," Chief Executive Jane Fraser said in a statement.

Banking revenue jumped 23% to $1.98 billion as investment banking grew 15% to $981 million amid gains in advisory and equity capital markets. Revenue in corporate lending soared 31%.

Citi joins JPMorgan Chase ( JPM ) and Wells Fargo ( WFC ) in reporting investment banking gains on Tuesday even as JPMorgan ( JPM ) Chief Executive Jamie Dimon said that economic risks remained.

Citi's wealth segment delivered a 20% jump in revenue to $2.17 billion, while US personal banking increased 6% to $5.12 billion.

UBS Securities said Tuesday that these results might attract more long-term shareholders.

"(Citi) is a well-known capital return potential story, but (the second-quarter) results imply that it could be more than this -- which could attract more long-term shareholders that had been reticent about owning shares," UBS analysts including Erika Najarian said in a note.

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