Citigroup Q3 Revenue Rises 6% Driven by Services and Equities
Citigroup reported a 6% increase in third-quarter market revenue, driven primarily by growth in its services and equities divisions. The bank's GAAP earnings per share came in at $2.85, exceeding expectations by $0.20, while total revenue reached $23.8 billion—$80 million above forecasts. This performance highlights the resilience of Citigroup’s core businesses amid macroeconomic risks. The firm is also working on submitting paperwork to regulators with the aim of having its consent orders lifted—a move that could signal progress in addressing regulatory concerns and potentially improve investor confidence. The results reflect a broader trend among major banks, as they navigate market volatility while maintaining growth momentum across key segments.
Tickers: $C
Topics: Citigroup Earnings Beat Regulatory Updates