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.
‘Structural Shift’ Occurring in California Surplus Lines 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
