Citigroup posts $3.2 billion third-quarter profit

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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.

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.

Citi Posts $2.8 Billion 3rd-Quarter Loss. Citigroup on Thursday reported a $2.8 billion loss for its third quarter, as the banking giant took more than $13.2 billion in charges related mostly to its store of toxic mortgage assets. The quarterly loss, its fourth in a row, was a stark reversal from the $2.2 billion it earned at.

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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Citigroup to post $2.7 billion in added legal costs in fourth quarter: CEO. Citigroup reduced third-quarter results because of an additional $600 million in legal costs. The change took Citigroup’s third-quarter profit down to $2.84 billion.

Citigroup Q4 earnings: Earnings per share beats expectation, revenue falls short 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 .7 billion increased 13% versus the prior year period, driven by higher revenues and a decline in credit costs,

Citigroup on Thursday reported a $2.8 billion loss for its third quarter, as the banking giant took more than $13.2 billion in charges related mostly to its store of toxic mortgage assets.. The quarterly loss, its fourth in a row, was a stark reversal from the $2.2 billion it earned at the same time last year.

Citigroup reported an increase of 7 percent in its net income from $3.2 billion up to $3.4 billion year-over-year in the company’s 2014 Third Quarter Earnings Report released on Tuesday.

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.