Citigroup Inc. (NYSE: C) reported a lower in web earnings for the third quarter of 2024 when the banking behemoth’s revenues remained broadly unchanged year-over-year. The numbers got here in above analysts’ estimates.
Internet revenue for the September quarter was $3.2 billion or $1.51 per share, in comparison with $3.5 billion or $1.63 per share within the corresponding interval final 12 months. Earnings topped expectations.
Whole revenues had been $20.3 billion within the third quarter, in comparison with $20.1 billion within the prior-year interval. The highest line exceeded analysts’ estimates.
“We are on track to meet our expense and revenue targets for the year and look to close out 2024 with momentum as we prepare for 2025,” stated Citi’s CEO Jane Fraser.
