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Citigroup earnings beat on better-than-expected trading results

October 15, 2019


Citigroup on Tuesday reported third-quarter earnings and revenue that topped projections as stronger-than-expected trading results made up for weaker lending margins.

Here’s how the bank fared compared to Wall Street expectations:

  • Earnings: $1.97 per share vs $1.95 per share expected by Refinitiv.
  • Revenue: $18.6 billion vs $18.545 billion forecast.
  • Fixed-income, currency and commodities trading revenue: $3.211 billion vs $3.09 billion expected by StreetAccount.
  • Net interest margin: 2.56% vs 2.66% forecast.
  • Net interest income: $11.64 billion vs $12.15 billion expected.

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