Citigroup beats Q3 estimates but shares fall approximately 3.8%
C Citigroup Inc
$122.27 -1.81%
View chart & analysis → - 1Citigroup reported Q3 net income of $5.25 billion, exceeding Wall Street expectations.
- 2Services revenue rose 15% to $6.6 billion.
- 3Management told analysts that markets revenue will fall by approximately 20% or more compared to Q3.
So what's the key point?
Citigroup earned more money in the third quarter than experts expected. However, shares fell 3.8% because the company said revenue in the markets sector will decrease significantly.
Source TIKR · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.