Citigroup posts $3.2 billion third-quarter profit

Indeed, IBM reported third-quarter net profit rose to $3.2 billion, or $2.40 a share, from $2.8 billion, or $2.04 a share, a year earlier. Analysts on average expected a profit of $2.38 per share,

 · NEW YORK, Jan 18 (Reuters) – Citigroup Inc (C.N) posted a $1.3 billion quarterly profit on Tuesday, as the third-largest U.S. bank rounded off a year of recovery from the financial crisis. The.

Citi Posts $2.8 Billion 3rd-Quarter Loss. By Dealbook October 16, 2008 7:19 am October 16, 2008 7:19 am. Citigroup on Thursday reported a $2.8 billion loss for its third quarter, as the banking giant took more than $13.2 billion in charges related mostly to its store of toxic mortgage assets.

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Citigroup posts revenue decline in first quarter as profit tops estimates. The company said it had net income of $4.7 billion, or $1.87 a share, in the quarter, up from $4.6 billion, or $1.68 a.

The New York-based investment firm turned another eye-popping profit Thursday, earning $3.2 billion in the third quarter as revenue from trading stocks, bonds, currencies and commodities rose.

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 · Bank of America posts .2 billion loss. bank of America BAC, -0.34% said its net loss applicable to common shareholders was $2.24 billion, or 26 cents a share, in the third quarter, compared to a profit of $704 million, or 15 cents a share, a year ago.

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. Q2 and 9 percent from last year.

Forex kitty jumps $3.2 billion to $276 billion The value of the country’s foreign exchange reserves rose $3.2 billion during the week ended June 18, largely on account of the dollar weakening against major currencies.

For the third quarter, citigroup showed steady improvement to 2.7% (which matches the highest levels of the year). The total sales posted at $18.389 billion, which is largely relative to the prior.

The latest numbers from Citigroup’s third-quarter earnings show the megabank continues to pull away from mortgage originations as it focuses on other lines of business.. According to the bank’s.

Stronger-than-expected results in China and North America propelled General Motors to a 25 percent increase in pretax profit in the third quarter and net income of $2.5 billion.

Citi: Third Quarter 2014 Earnings Report NEW YORK (MarketWatch) — Shares of Citigroup C, -0.15% rallied 2.6% in premarket trade after the banking giant reported better-than-expected third-quarter profit and sales, and said it was.