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Morningstar Analyst Discusses Citi (C), Wells Fargo Earnings on Bloomberg TV

NEW YORK (TheStreet) -- Both Wells Fargo (WFC) and Citigroup (C) reported earnings for the 2016 second quarter earlier Friday morning. Citigroup surpassed analyst expectations, while Wells Fargo matched estimates.

For the most recent quarter Citigroup posted earnings of $1.24 per share, above the $1.10 analysts had forecast. Revenue came in at $17.5 billion, matching expectations. Wells Fargo reported second quarter earnings of $1.01 per share on revenue of $22.16...