Market news: The Finnish Parliament approved to speed up the review of a bill to prevent immigrants from crossing the border from Russia and will vote on the bill on Friday.

Citigroup (CN) CEO: Market performance was strong this quarter.

Citigroup (CN) still expects full-year adjusted revenue of about $80 billion to $81 billion.

Citigroup (CN) plans to repurchase about $1 billion of its common stock this quarter.

Citigroup (CN) expects annual adjusted expenses to be at the upper end of a range of $53.5 billion to $53.8 billion.

After the financial report was released, Citigroup (CN) rose more than 2% in pre-market trading.

Citigroup (CN) second-quarter investment banking revenue was $853 million, compared with market expectations of $870.4 million.

Citigroup (CN) had FICC and trading revenue of $3.56 billion in the second quarter, compared with market expectations of $3.61 billion. Banking revenue was $1.63 billion, compared with market expectations of $1.55 billion. Total loans in the second quarter were $687.7 billion, compared with market expectations of $680.54 billion.

Citigroup (CN) had revenue of US$20.1 billion in Q2 2024, compared with market expectations of US$20.08 billion and US$19.44 billion in the same period last year.

The Baltic Dry Index rose 2.57% to 1,997 points.

NATO Secretary General Stoltenberg: The United States is expected to continue to be a strong ally of NATO.

Wells Fargo (WFC.N) CFO: Consumer activity levels remain quite strong. Inflation has a greater impact on low-income consumers.

Wells Fargo (WFC.N) CFO: Loan demand remains tepid.

Wells Fargo (WFC.N) Chief Financial Officer: Full-year net interest income is expected to decline in the upper half of the forecast range.

U.S. House Democratic Congressman Clyburn: I still fully support Biden and let Biden continue to consider the future.

According to the Financial Times: Unilever told executives on Wednesday that the company will cut a third of its European workforce, or as many as 3,200 people, by the end of 2025.

JPMorgan Chase (JPM.N) expects net interest income of about $91 billion in fiscal 2024.

Bank of Montreal: Raised its price target on Microsoft (MSFT.O) from $465 to $500.

JPMorgan Chase (JPM.N) CEO Jamie Dimon: There are still multiple inflationary forces.

JPMorgan Chase (JPM.N) CEO Jamie Dimon: Some progress has been made in controlling inflation. The full impact of quantitative tightening is unknown.