Citigroup (C) boosted its full-year net interest income guidance and now sees 2025 revenue at the high end of its previous guidance. The bank posted beats on both Q2 EPS and revenue. Its services business continued to shine, and banking revenue jumped 23% Y/Y.

U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September.