Citigroup reports better-than-expected revenue for the third quarter
Publishing timestamp: 2023-10-13 16:11:43
Summary
Citigroup reported solid growth in both institutional clients and personal banking, exceeding Wall Street's expectations for earnings per share and revenue. The bank's CEO announced organizational changes that will be completed by early 2024 and create financial benefits. Citigroup's net interest margin for the quarter was above expectations, and the bank continues to sell off its retail banking business in some international markets.
Sentiment: MIXED
Keywords: business news, investment strategy, jpmorgan drn, markets, banks, breaking news: markets, breaking news: investing, citigroup inc, earnings, wells fargo & co,
Source: https://www.cnbc.com/2023/10/13/citigroup-c-q3-earnings-report-2023.html