NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Tuesday reported third-quarter net income of $3.24 billion.
The bank, based in New York, said it had earnings of $1.51 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The U.S. bank posted revenue of $43.41 billion in the period. Its revenue net of interest expense was $20.32 billion, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $19.91 billion.
Citigroup shares have climbed 28% since the beginning of the year, while the S&P’s 500 index has increased 23%. The stock has climbed 59% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on C at https://www.zacks.com/ap/C
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