Citigroup (C) Q3 earnings report


Citigroup stock jumps on better-than-expected revenue for the third quarter

Citigroup reported its third-quarter results on Friday morning, with solid growth in both institutional clients and personal banking fueling higher-than-expected revenue and earnings per share.

Here’s what the company announced compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $1.63, or $1.52 when excluding the impact of divestitures, vs. expected $1.21.  At this time, it is unclear if analysts included that divestitures item in their estimates.
  • Revenue: $20.14 billion, vs. expected $19.31 billion

Revenue and net income rose by 9% and 2%, respectively, year over year.

Citigroup’s institutional clients unit…

Source cnbc.com

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