🔴 Citigroup is trading 3.3% down today as H2 expense warnings and broader market weakness weigh on shares

Citigroup is trading 3.3% down at $127.41 as investors digest Q2 earnings results where management flagged higher second-half expenses despite strong profit performance.

• Management's warning on rising costs for the remainder of the year is offsetting optimism from a solid return on tangible common equity (RoTCE).
• Shares are also facing pressure from a broader risk-off tone in U.S. indices, as macro and interest rate worries impact bank stocks after a recent rally.