Citi Third-Quarter Profit Jumps 40% on Higher Revenue
Citigroup's third-quarter profit rose 40% year over year, supported by stronger investment banking revenue, multinational-company transactions and higher wealth management earnings. Trading profits increased 2%.
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By David BenoitCitigroup's profit jumped 40% in its third quarter, beating expectations on strong revenue growth.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
Citigroup’s third-quarter profit increased 40% from a year earlier, supported by stronger investment banking revenue and multinational-company transactions, along with higher earnings in wealth management. Trading profits rose 2% year over year.