Citigroup Inc reports Q3 2013 earnings per share of USD1.00

Author: Mike Paterson | Category: News
  • Q3 net income USD 3.2 bln
  • Q3 2013 revenue USD +17.9 bln vs +13.7 bln Q3 2012
  • Q3 loan loss reserve release of  USD675 mln vs USD1.5 bln prev
  • Q3 net credit losses of USD2.4 bln down 38% on prev year period
  • quarterly Citicorp net income decreased 17% on prev year to USD3.3 bln

CEO Michael Corbat says he is pleased with the group’s cost cutting exercise but the net income figures will disappoint analysts and investors who had been looking for  USD+3.5 bln

Full results here

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