NEW YORK (AP) — NEW YORK (AP) — Citigroup Inc. (C) on Thursday reported third-quarter earnings of $4.13 billion.
The New York-based bank said it had earnings of $1.42 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.
The U.S. bank posted revenue of $18.17 billion, surpassing Street forecasts. Three analysts surveyed by Zacks expected $17.71 billion.
Citigroup shares have risen 26 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 14 percent. The stock has increased 53 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on C at https://www.zacks.com/ap/C