Citigroup posts its strongest third-quarter revenue in a decade
Citigroup reported $23.85 billion in third-quarter revenue, up approximately 8% year over year.
The result marked its strongest third-quarter revenue in a decade and exceeded the $23.72 billion consensus.
Net income increased roughly 40% to $5.2 billion. Earnings per share reached $2.85, above analysts' $2.65 estimate.
| Metric | Actual | Consensus | YoY change |
|---|---|---|---|
| Revenue | $23.85B | $23.72B | +7.9% |
| EPS | $2.85 | $2.65 | — |
| Net income | $5.2B | — | +40% |
| Net interest income | $16.98B | $16.63B | +13.7% |
Growth in services, fixed-income trading and equities supported performance. Net interest income climbed 13.7% to $16.98 billion, also beating expectations.
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