Citigroup tops Street 3Q forecasts

Associated Press |

NEW YORK (AP) _ Citigroup Inc. (C) on Thursday reported third-quarter earnings of $4.13 billion.

The New York-based bank said it had earnings of $1.42 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.



The U.S. bank posted revenue of $22.55 billion in the period. Its adjusted revenue was $18.17 billion, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $17.71 billion.

Citigroup shares have risen 26 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 14 percent. The stock has increased 53 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on C at https://www.zacks.com/ap/C

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Singlepoint Inc

SinglePoint Inc is a mobile technology company engaged in mobile payments, mobile giving, and mobile bidding. It operates mobile commerce and communications platform to accept mobile credit card payments.