Citigroup topped the Street's earnings expectations for the second quarter sending its shares higher.   As expected by analysts, both the company's 2Q profits and revenue dropped year-over-year.
CNBC's Leslie Picker joins 'Squawk Box' to break down the bank's quarterly earnings results.
Shares of Citigroup Inc. C, +0.63% climbed 1.1% in premarket trading Friday, after the moneycenter bank reported second-quarter results that fell but beat expectations, as weakness in markets was offs
Citigroup's profit tumbled 36% in the second quarter as weakness in the Wall Street bank's trading business blunted gains from its personal banking and wealth management unit.
Citigroup on Friday reported its second-quarter earnings.

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The Mexican government is no longer interested in purchasing Citigroup's local retail arm, known as Banamex, a government spokesperson said on Thursday, adding that the U.S. bank "chose a different pa

Markets Keep Strong Ahead of Big Bank Q2 Earnings

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If you've just now woken up to the idea that the Fed will land this plane softly, you may be a little late to the party.
Richard Ramsden, Goldman Sachs analyst, joins 'Closing Bell Overtime' to talk bank earnings, the impact of the credit crunch on commercial real estate and more.
Big U.S. banks kick off second-quarter earnings on Friday, with investors bracing for a subsequent wave of borrowing in the bond market from America's top lenders.
Gillian Tett, The Financial Times Editor-at-Large, U.S., spoke with Yahoo Finance Live anchors Brad Smith and Julie Hyman about what investors should be looking for from big banks' quarterly reports.

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Banking sector earnings can tell us a thing or two about the state of the economy.
The Dividend Harvesting Portfolio has performed well, generating a continuous stream of dividend income and maintaining a balance above its invested capital. The portfolio includes 87 positions across
Wall Street expects Citigroup's second-quarter earnings to tumble from a year ago. The bank reports Friday before the market opens.
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