Categories AlphaGraphs, Earnings, Finance

Earnings: Citigroup (C) Q3 profit beats estimates; revenue up 6%

Banking behemoth Citigroup Inc. (NYSE: C) on Friday said its third-quarter 2022 profit declined despite an increase in revenues. However, the numbers topped the market’s projections.

Citigroup Q3 2022 earnings infographic

Third-quarter net profit declined to $3.5 billion or $1.63 per share from $4.6 billion or $2.15 per share last year but came in above the consensus forecast.

Meanwhile, total revenues moved up 6% annually to $18.5 billion and topped expectations, reflecting active customer engagement amid increased consumer and corporate confidence. Book value per share was $92.71.


Check this space to read management/analysts’ comments on Citigroup’s Q3 2022 earnings


Shares of Citigroup declined early Friday immediately after the announcement. The stock has dropped about 41% in the past twelve months.

Prior Performance

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

Intuit looks to end FY24 on a high note, focused on AI and assisted segment

Intuit Inc. (NASDAQ: INTU), the maker of popular accounting software TurboTax and QuickBooks, has reported better-than-expected third-quarter results and mixed guidance. Currently, the company's investments are focused on data and

A glimpse into Macy’s (M) progress on its Bold New Chapter

Shares of Macy’s, Inc. (NYSE: M) were up over 1% on Friday. The stock has gained 9% over the past one month. Earlier this week, the retailer delivered first quarter

Earnings Summary: BJ’s Wholesale Club (BJ) reports Q1 2024 results

Department store chain BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) has announced results for the first quarter of 2024, reporting an increase in net sales. Q1 earnings, on a per-share basis,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top