Citigroup posts $3.2 billion third-quarter profit

 · It brought in $4.6 billion during the third quarter, up from $3.2 billion a year earlier. Overall profit margins, however, narrowed during the quarter as Amazon continues to invest in new.

Bank of America, which had posted a $3.2. that third-quarter profit climbed almost sevenfold to $3.59 billion. Goldman Sachs Group Inc. said its income more than doubled to $3.19 billion. Both New.

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Citigroup also noted its effective tax rate fell to 24 percent in the third quarter from 31 percent a year earlier. That pushed third-quarter profit up 21.8 percent. Q2 and 9 percent from last year.

Citigroup’s net income rose 7% to $3.4 billion in the third quarter 2014 from $3.2 billion in the prior year period. Excluding CVA/DVA in both periods and the tax benefit in the prior year period, Citigroup net income of $3.7 billion increased 13% versus the prior year period, driven by higher revenues and a decline in credit costs,

The good times on Wall Street rolled on this morning as earnings tripled at Goldman Sachs Group– and even beleaguered Citigroup Inc. eked out a surprise profit.. The larger-than-life Goldman said third-quarter profit surged to $3.2 billion from $845 million a year ago.

The change took Citigroup’s third-quarter profit down to $2.84 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.

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NEW YORK: Citigroup Inc posted a $1.3 billion quarterly profit on Tuesday, as losses on bad loans fell, but the bank missed estimates on its earnings as it struggled with a slump in revenue. Shares of Citigroup fell about 3.5 percent to $4.95 in premarket trading.

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Citi said it earned $3.2 billion, or $1 a share, in net income in the quarter, up from $468 million, or 15 cents a share, during the same period a year ago.

 · Citigroup third-quarter profit jumps to $ 2.17 bn. Citigroup’s profit soared to USD 2.17 billion in the third quarter ended September, bolstered by a fall in amount set aside for potential loan losses, in yet another sign of revival at the vikram pandit-led financial behemoth.

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Citigroup Revises Q3 Earnings - Nov 18, 2014 Hot on the heels of JPMorgan on Friday comes Citi on Monday – and it’s a slight earnings beat, with net income of $2.2bn profit or $0.07 per. in North America and EMEA. Third quarter 2010 revenues.

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