Citigroup Inc. C, -2.14 % shares rose 1.1% Friday in premarket trade after the moneycenter reported results for its second quarter that were below expectations but still beat them. The bank’s growth in services and personal banking offset the weakness in markets. The net income fell to $2.92billion, or $1.33 per share, down from $4.55billion, or $2.19 per share, during the previous period. This was better than the FactSet consensus estimate of $1.31. Total revenue decreased by 1.0%, to $19.44 Billion. However, it was still above the FactSet consensus estimate of $19.34 Billion. The revenue for personal banking and wealth management increased 6.1% to $6.40 Billion, while the revenue of institutional clients fell 8.6% to $10.44 Billion. Markets revenue for institutional clients fell 12.7% to 4.62 billion dollars, while fixed income revenue decreased 13.5% to 3.53 billion dollars and equity revenue declined 10.2% to 1.09 billion. Cost of credit rose 43.2%, to $1.82billion. The stock fell 3.8% in the three months to Thursday. Meanwhile, the Financial Select Sector SPDR ETF XLF_, -0.64% gained 4.9%, and the S&P500 SPX_, +0.09% advanced 9.0%.