New York (CNN Business) Citigroup kicked off bank earnings season on Monday with solid results that were boosted by a splurge in share buybacks. Citi C The stronger-than-expected earnings fromsuggest America's big banks continued to chug along during the second quarter in the face of a challenging economic and market backdrop. Much like the US economy, Citi benefited from strength among consumers that helped offset weakness elsewhere, especially in capital markets. "We navigated an uncertain environment successfully by executing our strategy, and by showing disciplined expense, credit and risk management," Citi CEO Michael Corbat said in a statement. JPMorgan Chase JPM Wells Fargo WFC Bank of America BAC Later this week, Citi rivalsandare scheduled to post quarterly results.

Source: CNN July 15, 2019 13:14 UTC