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Citi reports 20% YOY growth in Q3 EPS


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Citi reports 20% YOY growth in Q3 EPS

Citigroup Inc. reported third-quarter net income of $4.91 billion, or $2.07 per share, compared with $4.62 billion, or $1.73 per share, in the year-ago quarter.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the quarter was $1.95.

Loans at the end of the third quarter were $691.7 billion, compared with $688.7 billion in the second quarter and $674.9 billion in the third quarter of 2018.

Deposits were $1.088 trillion as of Sept. 30, up 4% from $1.046 trillion at the end of the linked quarter and up 8% from $1.005 trillion at Sept. 30, 2018.

Revenues increased 1% year over year to $18.57 billion from $18.39 billion, including a $250 million gain on the sale of an asset management business in Mexico in Global Consumer Banking in the third quarter of 2018.

Third-quarter investment banking revenues were up 4% year over year to $1.23 billion.

During the third quarter, Citigroup repurchased 76 million common shares and returned $6.3 billion to common shareholders in the form of common share repurchases and dividends.