EARNINGS: Citi posts stronger-than-expected results for its third quarter. The bank reported $2.15 in earnings per share on $17.15 billion in revenue.
Wall Street was anticipating earnings per share of $1.65 on revenue of $16.97 billion, based on Refinitiv consensus estimates.Justin Sullivan | Getty Imagesreported stronger-than-expected results for its third quarter on Thursday as trading revenue helped the company deliver a major increase in profits.
Net income came in at $4.6 billion, compared with $3.1 billion a year ago. That is a 48% increase year over year.
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