Citigroup posts $3.2 billion third-quarter profit

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Citigroup posts .2 billion profit. The provision for credit losses, the funds set aside for the allowance of bad loans, was reduced to $5.9 billion, the lowest since the second quarter of 2007, prior to the onset of the financial crisis. That’s a decrease of 11% from the previous quarter and nearly 35% from a year ago.

Here’s what you need to know: EARNINGS FORECAST: Tesla is expected to post an. in the third quarter. If Tesla backtracks.

Citi releases third quarter 2011 earnings JPMorgan, Citigroup See Profits Reduced by Bond-Market Languor. Revenue in JPMorgan’s bond-trading division tumbled 27% from a year earlier to $3.2 billion, while Citigroup’s slid 16% to $2.9 billion.

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The charge would be more than double the third-quarter average profit estimate of $2.88 billion by 13 analysts in a Bloomberg survey. The banks dispute the value of the brokerage, leading New.

Citigroup’s net income rose 7% to $3.4 billion in the third quarter 2014 from $3.2 billion in the prior year period. Excluding CVA/DVA in both periods and the tax benefit in the prior year period, Citigroup net income of $3.7 billion increased 13% versus the prior year period, driven by higher revenues and a decline in credit costs,

The giant U.S. banks JPMorgan Chase & Co. (JPM – Get Report) and Citigroup Inc. (C – Get Report) said Thursday that languid bond markets in recent months took a toll on third-quarter profit. % from.

Citi Posts $2.8 Billion 3rd-Quarter Loss. 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. The quarterly loss, its fourth in a row, was a stark reversal from the $2.2 billion it earned at.

Citi said it earned $3.2 billion, or $1 a share, in net income in the quarter, up from $468 million, or 15 cents a share, during the same period a year ago.

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Citi Profits Disappoint as Mortgage activity slides october 15, 2013 Citigroup reported a third quarter net income of $3.2 billion Tuesday, slipping somewhat as higher interest rates took a bite.

This might be called the $3 Billion Dollar Question. Bank of America (NYSE:BAC) lost more than $2.2 billion in the third quarter of this year and Citigroup (NYSE:C) lost a staggering $3.2 billion in t