Citi delivered a very strong 2Q results, and management managed to tank the shares 
Revenue up 14% y-o-y; NI up 45%; EPS up 61%; RoTCE up from 8.7% to 13% and both BV, TBV were up 7%; expenses down by 470 bps; Increased divided by 12%; Pretty strong results. Except cards, every segment showed solid revenue growth;
Yet the management guided 10~11% RoTCE, and efficiency ratio of 60% for the whole year…1H is 13% means 2H is probably 7~8% RoTCE, and expenses going up significantly in second half, that caused the stock price to slide from $140 to $129.
PS: I was bit worried about WFC results, and listened to the entire and call, and by the time $C call started, I was tired, happy to see strong 1H results and completely missed the guidance… my earnings trade mostly blown on my face.