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Citi reports a rise in earnings with every business posting record third-quarter revenue
16 Articles
16 Articles
Citigroup has exceeded the expectations of the market in terms of revenues and returns. The good performance in its banking, services, asset management and markets increased its revenues to more than $22 billion during the third quarter of the year, a growth of 9% compared to the same period of 2024. Citi’s favorable financial results run parallel to the sale process of Banamex in Mexico. In this regard, Jane Fraser, executive director of the co…
Read time approx.: 38 secCitigroup reported an increase in its third quarter profits, despite assuming losses due to the partial sale of its Mexican subsidiary Banamex. Net profit rose by 16%, to 3.8 billion dollars, and profit per share grew by 23%, to 1.86 dollars, thanks to record revenues in all its divisions and a resurgence of business activity. The bank sold 25% of Banamex to Mexican businessman Fernando Chico Pardo, president of the ASUR…
Citigroup beat Wall Street revenue estimates across all five of its major business lines
Citigroup beat market expectations in the third quarter with strong results across all of its divisions, pushing its stock up more than 4% on Tuesday. The bank reported $22.09 billion in revenue, exceeding the expected $21.09 billion, while adjusted earnings per share came in at $2.24, above the for...
Dow Jumps Over 300 Points; Citigroup Posts Upbeat Earnings
U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining more than 300 points on Tuesday. The Dow traded up 0.72% to 46,399.60 while the NASDAQ fell 0.17% to 22,656.09. The S&P 500 also rose, gaining, 0.26% to 6,672.03. Check This Out: Synchrony Financial Earnings Are…
The Citigroup had a net profit of US$ 3.75 billion in the third quarter of 2025, 16% higher than the profit of US$ 3.24 billion spent in the same period last year, according to the financial balance published on this Wednesday (14). The profit for the US bank's action in the period was US$ 1.86, over the consensus of analysts consulted by FactSet, of US$ 1.73. The Citigroup's income had an annual expansion of 9% in the quarter, the US$ 22.09 bil…
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