Categories AlphaGraphs, Earnings, Finance
Earnings: Citigroup (C) Q3 profit and revenue beat estimates
Citigroup Inc. (NYSE: C) on Friday reported flat earnings and higher revenues for the third quarter of 2023. The results exceeded analysts’ forecasts.
The banking behemoth reported a net income of $3.5 billion or $1.63 per share for the September quarter, which is unchanged from the profit it generated in the corresponding period of last year. The latest number beat Wall Street’s projection. Total revenues moved up 9% annually to $20.1 billion and exceeded estimates.
“Despite the headwinds, our five core, interconnected businesses each posted revenue growth resulting in overall growth of 9%. Services, our fastest-growing business, grew by 13% with Treasury and Trade Solutions having its best quarter in a decade. Markets was up 10% driven by strength in Fixed Income,” said Citi’s CEO Jane Fraser.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
