01:11 PM EDT, 07/15/2025 (MT Newswires) -- (Updates with stock move in the headline and first paragraph and buyback plan in the first and second paragraphs.)

Citigroup ( C ) shares were up 3% in recent Tuesday trading after the company reported higher Q2 results and said it expects to buy back at least $4 billion of shares in Q3.

Chief Financial Officer Mark Mason said on the company's earnings call that the lender plans to repurchase "at least $4 billion this quarter," but added that investors "should not expect us to provide precise buyback guidance on a quarterly basis," according to a FactSet transcript.

The company reported Q2 net income Tuesday of $1.96 per diluted share, up from $1.52 a year earlier.

Analysts polled by FactSet expected $1.61.

Revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $21.67 billion, up from $20.03 billion a year earlier.

Analysts surveyed by FactSet expected $20.96 billion.

Price: 90.03, Change: +2.53, Percent Change: +2.89