Third-quarter profits at Citigroup Inc. rose 27 percent, driven by fees from advising on mergers and growth in its consumer bank arm. The New York-based company earned $3.09 billion, or 67 cents a diluted share, in the quarter, up from $2.44 billion, or 52 cents a share, one year ago.
The third quarter of 2000 includes a $15 million charge and $8 million in accelerated depreciation. Last year’s third quarter included a $31 million charge, a credit for the reversal of $41 million in prior charges and $25 million in accelerated depreciation. Revenues rose 15 percent to $16.8 billion in this year’s third quarter.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit 
Former Bucknell University Coach Charged in Death of Freshman Football Player 
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders? 
