Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.
Adam Galica | CNBC
Citigroup on Tuesday reported better-than-expected results for the third quarter, as the company’s credit costs from the pandemic stabilized.
Citi’s share price rose 1.2% in the premarket.
Here’s how the banking giant’s results stacked up:
- Earnings: $1.40 per share vs. 93 cents a share expected, according to Refinitiv.
- Revenue: $17.3 billion vs. $17.2 billion expected
It was not immediately clear whether those results were directly comparable to the analysts’ estimates because Citi said that earnings figure includes a $400 million civil penalty. However, if that…