The Zhitong Finance App learned that due to increased investment banking revenue, increased trading activity with multinational companies, and increased profits in the wealth management business, Citibank (C.US)'s third quarter results were better than market expectations. According to financial reports, Citi's Q3 revenue increased 7.7% year over year to US$23.845 billion, which was 80 million US dollars higher than market consensus expectations; net profit was US$5.245 billion, up 40% year on year; GAAP earnings per share were 2.85 US dollars, which was 0.20 US dollars higher than market consensus expectations.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that due to increased investment banking revenue, increased trading activity with multinational companies, and increased profits in the wealth management business, Citibank (C.US)'s third quarter results were better than market expectations. According to financial reports, Citi's Q3 revenue increased 7.7% year over year to US$23.845 billion, which was 80 million US dollars higher than market consensus expectations; net profit was US$5.245 billion, up 40% year on year; GAAP earnings per share were 2.85 US dollars, which was 0.20 US dollars higher than market consensus expectations.
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