Banking big Citigroup Inc. (NYSE: C) on Tuesday stated its third-quarter FY25 revenues and earnings elevated year-over-year. The numbers additionally exceeded Wall Avenue’s estimates.
Web earnings was $3.8 billion or $1.86 per diluted share within the third quarter, in comparison with $3.2 billion or $1.51 per share within the year-ago quarter. The underside line exceeded analysts’ expectations. Third-quarter revenues rose to $22.1 billion from $20.2 billion within the prior yr quarter and beat estimates.
The financial institution’s end-of-period loans have been $734 billion, up 7% in comparison with the prior-year interval, aided by greater loans in Markets, Companies, and Branded Playing cards.
“The relentless execution of our strategy is delivering stronger business performance quarter after quarter and improving our returns. The cumulative effect of what we have done over the past years – our transformation, our refreshed strategy, our simplification – have put Citi in a materially different place in terms of our ability to compete,” Citigroup’s CEO Jane Fraser stated.
