Citigroup posts $3.2 billion third-quarter profit
The results released Tuesday worked out to $1.02 a share excluding certain accounting adjustments, missing analysts' forecasts for profit of $1.04 a share. Revenue climbed 31% to $17.9 billion, missing estimates of $18.73 billion.
In last year's third quarter, Citigroup's net income was $468 million, or 15 cents a share, on revenue of $13.7 billion. Excluding one-time losses last year, profits fell 4% during the quarter, Citi said.