(Finance) – Profits above expectations for Citigroup in the second quarter. The period closed with a net profit up 10% to $3.2 billion, or $1.52 per share, above analysts’ estimates of $1.39.
THE revenues rose 4% to $20.1 billion, again above the consensus ($20.07 billion). Revenues from the investment banking division rose 60%.
Despite these results, the stock listed on Wall Street falls Citigroup showing a decline of 1.84%. Weighing on the shares is the warning from the bank on the possibility of high expenses for the year, between 53.5 and 53.8 billion.
The scenario on a weekly basis of the banking giant detects a loosening of the curve with respect to the force expressed by theS&P 100This decline could make the stock an object of sales by operators.
The short-term technical status of Citigroup highlights an extension of the positive performance of the curve with the first resistance area identified at 65.99 USD. Risk of a possible correction up to the target of 63.7. Expectations are for an increase in the bullish trendline towards the resistance area of 68.28.