ISTANBUL

US-based multinational investment bank and financial services company Citigroup saw its income and revenue increasing in the second quarter of this year, according to its financial results statement released Friday.

The multinational investment bank and financial services corporation posted net income of $3.2 billion in April-June period, up 10% from $2.9 billion in the same period last year.

Total revenue, meanwhile, came in at $20.1 billion, up nearly 4% from $19.4 billion, during that period.

"Markets had a strong finish to the quarter leading to better performance than we had anticipated," CEO Jane Fraser said in the statement.

"Wealth is starting to improve. Growth in client investment assets drove stronger investment revenue, and our focus on rationalizing the expense base is starting to pay off," she added.

Despite the positive results, Citigroup's stock price was down 2.8% on the New York Stock Exchange at 11.33 a.m. EDT (1533GMT).