Citigroup Earnings Surpass Expectations, Credit Losses Decline

Citigroup says Q3 EPS came in at $.08, which is slightly ahead of estimates, while revenue came in just below estimates. The full announcement is here.

Here’s a quick look at revenue breakdown by unit and by region:


The stock is basically flat in instant trading.

Provisions for credit losses declined, just as they did for JPMorgan.

No word yet on commentary regarding the mortgage fiasco.

Click here for updates.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.