Citigroup Earnings Rise 74% to $3.8 Billion

With a big push from a one-time accounting gain, Citigroup on Monday squeezed out its seventh-straight quarterly profit, but it faces significant challenges to growth.

Citigroup announced a third-quarter profit of $3.8 billion, or $1.23 a share, beating analyst consensus estimates of 81 cents a share. That represented a 74 percent increase from a year ago, when the bank announced a quarterly profit of 2.2 billion, or 72 cents a share.  Read more

 

Categories: Economics, United States

1 reply

  1. Latonh kay bhoot batoanh say naheen mantay.

    This is a historical fact bankers robs the people and in 50 year cycle they go down because of corruption and then bailed out by common people agian to continue their robbery again.

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