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Citigroup Reports Q3 Results

Global banking giant Citigroup Inc. (NYSE: C) has reported its third-quarter results, posting earnings of $1.02 per share on revenue of $18.2 billion. Citi’s earnings and revenue for the quarter missed consensus forecast. Analysts were expecting the New York City-based bank to report third-quarter earnings of $1.04 per share and revenue of $18.74 billion. Despite the weaker-than-anticipated results, CEO Michael Corbat noted that the bank performed relatively well in the challenging, uneven macro environment. Shares of Citigroup were last trading 0.28% higher at $49.74 on above average volume of 28.60 million.


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