wn.com - 5 days ago

Citigroup posted stronger-than-expected third-quarter results on Tuesday, with all its business divisions generating record revenue. The results highlight the US banking giant’s growing strength across lending, trading, and investment banking as corporate dealmaking accelerates and consumer activity remains robust. Citigroup s shares rose 0.23% on Tuesday s opening. Profit rises on broad-based revenue growth For the third quarter, Citigroup reported a 16% rise in net income to $3.8 billion from a year earlier, while earnings per share climbed 23% to $1.86. Revenue increased 9% year-on-year to $22.09 billion,...

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