Citigroup Posts Profit Jump of 21%, Tops Wall Street Forecasts

Citigroup Posts Profit Jump of 21%, Tops Wall Street Forecasts

Citigroup, the fourth-largest U.S. bank, reported Tuesday that nett successful the archetypal 4th was $4.1 billion, up 21% from a twelvemonth ago. That amounted to per-share net of $1.96, which topped Wall Street’s expectations for $1.85.

The bank's nett involvement income roseate 4% from a twelvemonth earlier to $14 billion, much than analysts’ forecasts.

Citi banal roseate 0.6% successful premarket trading connected Tuesday.