Despite being viewed as the banking sector laggard, Citigroup (NYSE:C) reported strong first-quarter earnings, and shares responded quite positively. On the other hand, despite record profits, Wells Fargo (NYSE:WFC) and JPMorgan Chase (NYSE:JPM) disappointed investors with their quarterly results.

In this video, Motley Fool banking analyst David Hanson tells investors why Citigroup shares are moving higher, and if they still have room to run.