Citigroup Inc. surprised Wall Street Friday, reporting a $3 billion second-quarter profit instead of the big loss analysts expected.Great. Good for all of them. Can the taxpayers have our money back now?
Citigroup became the fourth big bank to report strong results for the quarter. Citi announced its results shortly after Bank of America Corp. also beat expectations with earnings of $2.42 billion. The pair of profit reports follows strong earnings from Goldman Sachs Group Inc. and JPMorgan Chase & Co. earlier in the week.
There's my two cents.