By Neha Dimri and David Henry
(Reuters) - Citigroup Inc
Citi has been simplifying its structure by selling retail operations in several countries, shrinking its U.S. branch network and disposing of non-core businesses.
The bank's shares rose 2.5 percent to $57.94 in premarket trading on Thursday.
Operating expenses in Citicorp, the bank's core businesses, fell 6 percent to $9.8 billion in the second quarter and were down 1 percent when adjusted for currency changes.
The expenses included $61 million in restructuring charges, down from $397 million a year earlier.
Revenue from Citicorp was unchanged at $17.5 billion, but rose 5 percent after adjusting for changes in foreign exchange rates.
Goldman Sachs Group Inc
Citi's net income rose to $4.85 billion, or $1.51 per share, in the quarter ended June 30 from $181 million, or 3 cents per share, a year earlier, when the bank was hit by a $3.8 billion legal charge.
Adjusting for legal costs and some accounting items, Citi's net income rose 18 percent to $4.65 billion, or $1.45 per share, from $3.93 billion, or $1.24 per share, a year earlier.
Analysts on average had expected earnings of $1.34 per share, according to Thomson Reuters I/B/E/S.
(Additional reporting by Anil D'Silva in Bengaluru; Editing by Kirti Pandey)