Citigroup (NYSE: C) announced that its third quarter net income came in at $2.17 billion, or 7 cents a share. This is higher than the $0.06 analysts had expected. Revenue was $20.74 billion.
The bank said that loan loss defaults were down sharply in the quarter.
Investors were pleased with the good news from Citigroup. The stock is up over 4.68% in early afternoon trading.
No comments:
Post a Comment