NewzNEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Tuesday reported third-quarter earnings of $5.25 billion. The New York-based company said it had earnings of $2.85 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share. bank posted revenue of $45.63 billion in the period.
Its revenue net of interest expense was $23.85 billion, which also beat Street forecasts. Five analysts surveyed by Zacks expected $23.66 billion. Citigroup shares have climbed 13% since the beginning of the year, while the S&P’s 500 index has risen 14%.
The stock has increased 40% in the last 12 months. _____ 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 Source
NEW YORK (AP) — NEW YORK (AP) — Goldman Sachs Group Inc. (GS) on Tuesday reported third-quarter profit of $5.29 billion. The New York-based company said it had earnings of $17.01 per share.
The investment bank posted revenue of $37.7 billion in the period. Its revenue net of interest expense was $18.68 billion, also topping Street forecasts. Six analysts surveyed by Zacks expected $16.87 billion.
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