Citigroup (C) Beat Sets Nice Tone for Busy Earnings Week

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Citigroup (NYSE: C) continued its post-recession revival today, posting stronger-than-expected second-quarter results and getting a busy earnings week off to a flying start.

The big bank reported earnings per share of $1.25, ahead of analyst estimates of $1.18 and outpacing EPS of $1.17 last quarter. Total profits of $4.2 billion marked a 42% improvement over a year ago.

The earnings beat pushed Citi shares up 2% in mid-day trading. The stock has now risen 25% year-to-date.

Citigroup’s strong quarter bodes well for the other big banks set to report this week. Goldman Sachs (NYSE: GS) is up tomorrow. Bank of America (NYSE: BAC) reports Wednesday, and Morgan Stanley (NYSE: MS) rounds out the week on Thursday.

Here’s who else is set to report in a busy earnings week:

Tuesday

  • Goldman Sachs
  • Coke (NYSE: KO)
  • Yahoo! (NASDAQ: YHOO)

Wednesday

  • Bank of America
  • American Express (NYSE: AXP)
  • eBay (NASDAQ: EBAY)
  • Intel (NASDAQ: INTC)
  • International Business Machines (NYSE: IBM)

Thursday

  • Morgan Stanley
  • Chipotle (NYSE: CMG)
  • Google (NASDAQ: GOOG)
  • Microsoft (NASDAQ: MSFT)
  • Philip Morris (NYSE: PM)
  • Verizon (NYSE: VZ)

Friday

  • General Electric (NYSE: GE)
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