_id_f46969e5-91b7-41b8-995c-9701ab370543_size900.jpg?#)
Why Citigroup (C) Stock Is Trading Lower Today
Shares of global financial services giant Citigroup (NYSE:C) fell 4.3% in the afternoon session after the company reported third-quarter earnings that beat headline expectations but revealed sequential declines across investment banking, trading, and firm-wide profitability. According to the company’s earnings release, third-quarter net income was $5.2 billion, or $2.85 a share, on revenue of $23.85 billion, above the $2.65 consensus. From the second quarter, revenue fell 4%, net income fell 10%
Shares of global financial services giant Citigroup (NYSE:C) fell 4.3% in the afternoon session after the company reported third-quarter earnings that beat headline expectations but revealed sequential declines across investment banking, trading, and firm-wide profitability. According to the company’s earnings release, third-quarter net income was $5.2 billion, or $2.85 a share, on revenue of $23.85 billion, above the $2.65 consensus. From the second quarter, revenue fell 4%, net income fell 10%
What's Your Reaction?
