Citi Third-Quarter Results Beat Market Expectations
Posted: Thu Oct 11, 2018 3:33 pm
Citigroup Inc. has published its third-quarter profits today, coming in above market expectations. The firm’s results were supported by higher bond trading revenue and solid results from its consumer banking business in Mexico.
Taking a look first at net income, the firm reported a figure of $4.6 billion for the third quarter of 2018. This is up 10 per cent from the same time period in 2017, which had a net income of $4.1 billion. This result translates to $1.73 per diluted share which is also up from last year, which stood at $1.42.
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