Citigroup posts $3.2 billion third-quarter profit

NEW YORK (CNNMoney) — Goldman Sachs reported a fourth-quarter profit of about $1 billion on Wednesday, reversing a loss from the third quarter and topping expectations. disappointing results from.

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Citigroup posts $2.2 billion profit. The provision for credit losses, the funds set aside for the allowance of bad loans, was reduced to $5.9 billion, the lowest since the second quarter of 2007, prior to the onset of the financial crisis. That’s a decrease of 11% from the previous quarter and nearly 35% from a year ago.

NEW YORK–(BUSINESS WIRE)–Citigroup Inc. today reported third quarter 2010 net income of $2.2 billion or $0.07 per diluted share, marking its third consecutive quarterly operating profit.

Shares are set for a fifth yearly decline and the firm has lost almost half, or S$3.2 billion. third quarter of this year..

Taking a look first at net income, the firm reported a figure of $4.6 billion for the third quarter of 2018. This is up 10 percent from the same time period in 2017, which had a net income of $4.1 billion. This result translates to $1.73 per diluted share which is also up from last year, which stood at $1.42.

Citigroup Revises Q3 Earnings - Nov 18, 2014 The interest-rate moves stoking President Donald Trump’s ire are also fueling Citigroup Inc.’s profits. Client activity around the Federal Reserve’s hike in late September helped the bank post a.

The change took Citigroup’s third-quarter profit down to .84 billion. story continues corbat also said he expects fourth-quarter revenue from capital markets trading to be down about 5 percent from a year earlier.