Citigroup Shares Rise After Earnings Beat on Strong Dealmaking Rebound
Citigroup Inc. (NYSE: C) reported stronger-than-expected third-quarter earnings as a rebound in dealmaking boosted performance across all major business segments. Shares climbed about 2% in intra-day trading on Tuesday. The bank’s net income rose to 1.86 per share, compared to 1.51 per share, in the same period last year. Excluding a goodwill impairment linked to the partial sale of its Banamex unit, adjusted earnings per share came in at 1.75 conse ...