Citigroup Inc said on Friday that it posted a second quarter profit of $4.3 billion, or 49 cents a share, which includes an $11 billion pre-tax gain from its joint venture with Smith Barney, which closed on June 1.
Analysts polled by Thomson Reuters had expected the company to lose 37 cents a share in the quarter. Revenue in the quarter was $30 billion. Last year, the company said it lost $2.5 billion, or 55 cents a share in the second quarter.
