Citigroup reported third quarter earnings that beat analyst's expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.73 on revenue of $18.39B. Analysts polled by expected EPS of $1.67 on revenue of $18.45B. That compared to EPS of $1.42 on revenue of $22.39B in the same period a year earlier The company had reported EPS of $1.63 on revenue of $18.47B in the previous quarter.
Citigroup shares lost 2% to trade at $69.77 in pre-market trade following the report.
For the year, Citigroup shares are down 8.94%, under-performing the S&P Global 100 which is down 0.85% year to date.
Citigroup follows other major Financial sector earnings this month
On Friday, JPMorgan (NYSE:JPM) reported third quarter EPS of $2.34 on revenue of $27.82B, compared to forecasts of EPS of $2.27 on revenue of $27.58B.
PNC Financial (NYSE:PNC) earnings beat analyst's expectations on Friday, with third quarter EPS of $2.82 on revenue of $4.36B. analysts expected EPS of $2.73 on revenue of $4.35B
