Citigroup posts $3.2 billion third-quarter profit

Citigroup Q4 earnings: Earnings per share beats expectation, revenue falls short Citigroup to post $2.7 billion in added legal costs in fourth quarter: ceo. citigroup reduced third-quarter results because of an additional $600 million in legal costs. The change took Citigroup’s third-quarter profit down to $2.84 billion.

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Investment bank Goldman Sachs posts $3.2 billion quarterly profit; plans to give $23B in bonuses.. compared to $845 million or $1.81 a share in last year’s third quarter, the company announced..

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Citigroup Inc said Friday that fourth-quarter profit. US2.83 billion from $US2.55 billion in the fourth quarter of 2014, though that’s hardly a difficult comparison: The year-ago quarter was the.

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Goldman Sachs, one of the biggest taxpayer bailout beneficiaries last year, reported Thursday that its third-quarter net income. Goldman repaid its $10 billion in government bailout money in the.

Citigroup also noted its effective tax rate fell to 24 percent in the third quarter from 31 percent a year earlier. That pushed third-quarter profit up 21.8 percent on a year-over-year basis.

said Citi missed his profit estimate because of a larger-than-expected 11% revenue decline versus the third quarter. Citi’s earnings were also hit by a $1.1 billion charge related to the bank’s own.

Bank of America posted a $3.2 billion profit last quarter, and Citigroup earned $4.3 billion. The friend you lent $50 last week so he could afford groceries is showing you his new iPhone. Punch.

Citigroup Inc. operations, said third-quarter profit rose 12% from a year earlier thanks to President Donald Trump’s steep cuts in corporate tax rates, even as revenue growth stalled. Net income.

Citigroup Inc reported lower fourth-quarter profit while Wells Fargo & Co. said profit rose.. Citigroup, Wells post Q4 results.. or 73 cents per share, compared to $3.2 billion, or 61 cents.

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NEW YORK (MarketWatch) — Shares of Citigroup C, +1.01% rallied 2.6% in premarket trade after the banking giant reported better-than-expected third-quarter profit and sales, and said it was.

On Oct. 30, Citigroup reduced third-quarter results because of an additional $600 million in legal costs. The change took Citigroup’s third-quarter profit down to $2.84 billion.

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General Motors Co. reported a 25% jump in its third-quarter operating profit to $3.2 billion, beating analysts’ forecasts, yet confirmed it sent buyout offers to 36% of its salaried workforce in.