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:

chart

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.

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