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Citigroup (C) shares lost ground Tuesday after the bank's third-quarter profit fell as its credit losses and reserves to cover bad loans increased.
Bank of America (BAC), Citigroup (C), and Goldman Sachs (GS) reported earnings before Tuesday's opening bell. Results from big banks show a rise in profit from a year ago, supported by investment banking strength.
Citigroup (C) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.52 per share a year ago.
CNBC's Leslie Picker joins 'Squawk Box' to report on the bank's quarterly earnings results.
NEW YORK--(BUSINESS WIRE)--Today Citi reported third quarter 2024 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with additional financial, statistical and business-related information, as well as business and segment trends, is also available. Citi will host a conference call today at 11 a.m. (ET) to review these results. To attend the live webcast, please visit https://www.veracast.com/webcasts/citigroup/webinars.
Citigroup is set to report its third-quarter results before the opening bell on Tuesday. The bank has an analyst call to discuss the quarter scheduled for 11 a.m.
Citigroup Inc. C will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 15.
C's lawyers counter the lawsuit by asserting that the bank adheres to Uniform Commercial Code standards that protect it from liability for fraud-related losses.
Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar transactions and offers clients “24/7, always-on” cross-border liquidity and payments between participating Citi branches.
Citi and Mastercard have teamed up to enable cross-border payments to Mastercard debit cards. The companies are launching this capability in 14 receiving markets across Europe, Asia, Africa, Latin America and U.S. domestic transfers, and plan to expand it further in the future, they said in a Thursday (Oct. 10) press release.