Citigroup Inc. (C) revealed a profit for its third quarter that advanced from the same period last year.
The company's earnings came in at $4.64 billion, or $2.15 per share. This compares with $3.15 billion, or $1.36 per share, in last year's third quarter.
The company's revenue for the quarter fell 0.9% to $17.15 billion from $17.30 billion last year.
Citigroup Inc. earnings at a glance:
-Earnings (Q3): $4.64 Bln. vs. $3.15 Bln. last year.-EPS (Q3): $2.15 vs. $1.36 last year.-Revenue (Q3): $17.15 Bln vs. $17.30 Bln last year.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.