Citigroup unveiled a better-than-expected record quarterly profit of $6.23 billion today as it reaped higher international revenues.
The biggest US bank said its second-quarter net profit increased 18% from the same period a year ago.
Citigroup said revenue growth came from the United States and from the bank's substantial overseas operations.
The banking and financial services group also said revenues jumped 20% to a record $26.6 billion during the quarter.
The bank today announced earnings per share of $1.24, with most banking analysts only expecting Citigroup to post earnings per share of $1.13.
Investment banking revenue grew 90% to $1.65 billion following a flurry of mergers and acquisitions.
Its record-topping profit of $6.23 billion overshadowed the latest quarterly earnings of Google, Microsoft, Pfizer and Yahoo, which combined amounted to about €5.4 billion.