NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Friday reported first-quarter earnings of $3.37 billion.

The bank, based in New York, said it had earnings of $1.58 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The U.S. bank posted revenue of $43.82 billion in the period. Its revenue net of interest expense was $21.1 billion, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $20.3 billion.

Citigroup shares have risen 18% since the beginning of the year, while the S&P’s 500 index has climbed 9%. The stock has increased 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on C at https://www.zacks.com/ap/C