Citigroup posts $3.2 billion third-quarter profit

Revenue in the quarter rose 5.4 percent to $25.2 billion. Fixed-income trading revenue rose 2 percent to $3.5 billion, fueled by strength in currencies and emerging markets, beating the $3.2. will.

United Technologies Corp. on Tuesday posted a nearly 10 percent increase in third-quarter revenue as its two aerospace. Sales for the quarter were nearly $4 billion. Sales rose 2.1 percent, to $3.2.

Citigroup Inc. has published its third-quarter profits on Friday, coming in above market expectations. The firm’s results were supported by higher bond trading revenue and solid results from its consumer banking business in Mexico. Taking a look first at net income, the firm reported a figure of $4.6 billion for the third quarter of 2018.

Revenue climbed 31% to $17.9 billion, missing estimates of $18.73 billion. In last year’s third quarter, Citigroup’s net income was $468 million, or 15 cents a share, on revenue of $13.7 billion.

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. Tangel NEW YORK — Citigroup Inc.’s third-quarter earnings disappointed wall Street analysts as the bank reported a sharp slowdown in mortgage and bond-trading revenue. Citi said it earned $3.2.

Fixed Income Markets revenues of $2.9 billion in the third quarter 2017 decreased 16%, primarily reflecting lower G10 rates and currencies revenues, given low volatility in the current quarter and the comparison to higher Brexit-related activity a year ago, as well as lower activity in spread products.

Citigroup on Monday reported $2.2 billion in net income for its third quarter, marking its third straight quarter of earnings this year as the firm lowered reserves against potential losses. The profit, built on $20.7 billion in revenue, amounts to 7 cents a share.

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For the third quarter, Citigroup showed steady improvement to 2.7% (which matches the highest levels of the year). The total sales posted at $18.389 billion, which is largely relative to the prior.

The New York-based bank earned .62 billion in the third quarter, up from $4.13 billion a year ago. Citi earned a profit of $1.74 per share. The Washington Post or Bloomberg News. Rather, we focus.

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Citigroup reported an increase of 7 percent in its net income from $3.2 billion up to $3.4 billion year-over-year in the third quarter. Overall, Citigroup’s revenues increased by 9 percent year.