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Citigroup: Q3 Earnings Snapshot

Citigroup: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Friday reported third-quarter earnings of $3.55 billion.

The bank, based in New York, said it had earnings of $1.63 per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, were $1.52 per share.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The U.S. bank posted revenue of $41.15 billion in the period. Its revenue net of interest expense was $20.14 billion, also beating Street forecasts. Twelve analysts surveyed by Zacks expected $19.32 billion.