Citigroup Earnings Report, Q3 Total Revenue Exceeds Expectations

Citigroup said in its third-quarter earnings report on Friday that its revenue beat analyst estimates.

The company reported total revenue of $18.50 billion on earnings of $1.63 per share, while analysts surveyed by Investing.com expected the company to post earnings of $1.49 per share and total revenue of $18.38 billion. In pre-open markets, Citigroup shares were trading up 1.51% at $43.60 after the earnings report. For the year, Citigroup shares are down 28%. The S&P Global 100 index, where the stock is traded, is down 21%. Citigroup follows other notable earnings reports in the Financial sector On Friday, JPMorgan reported total revenue of $32.7 billion and earnings of $3.12 per share for the third quarter. Expectations were for total revenue of $32.11 billion and earnings of $2.92 per share. On Friday, Wells Fargo & Co's revenues topped analyst estimates, totaling $19.51 billion in the third quarter and earnings of $1.3 per share. Investing.com analysts had expected total revenue of $18.75 billion, with earnings of $1.1 per share. Source: investing.com Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!