Citigroup 3Q Services Revenue Rises 15% to $6.61B
Story updates
12:33:35 PM UTC
SquawkNews
Citigroup's quarterly revenue rose 8% to $23.85 billion, marking the bank's best third-quarter revenue in a decade, CEO Jane Fraser says in the earnings release. The growth was driven by continued strength in services, as well as growth in markets, helped by foreign exchange and spread products. Ci…
12:35:11 PM UTC
SquawkNews
By David BenoitRevenue rose 15% in Citigroup's biggest business, services, where it stores and moves money around for international clients,The business gives a read on global corporate health, and clients increased loan balances and deposits both in the quarter. The total spend on commercial cards…