Vladimír Urbánek (Kurzy.cz)
World markets  |  October 15, 2012 14:47:56

Citigroup 3Q results beat market expectations


Third largest U.S. bank Citigroup 3Q this year announced a net profit at 468 mill.USD = 15 cents per share. This represents a significant drop mld.USD = 3.77 compared to $ 1.23 per share in 3Q11. Excluding non-recurring items and tax benefits, the gross profit level of $ 1.06 per share, which exceeded market expectations set an average for this indicator to 97 cents.
Bank 3Q profit improved by 582 mill.USD the tax concessions. The bank wrote off in 3Q 2.9 mld.USD due to the acquisition of brokerage firm Smith Barney.

Income Division Fixed income went up by 63% to 3.7 mld.USD excluding revaluation generated 672 mill.USD corporate liabilities. Estimates of the market for this division were around 3 mld.USD.

According to the bank's management was generally positive 3Q, when all the major divisions managed to achieve growth through loan growth and higher operating income.


Shares of the Bank to respond to the results presented in decline by about 2%. Title was during 3Q improved by a full 19%.

Was this article: 10 | 8 | 6 | 4 | 2 | 0



Read also:

October 21, 2016Microsoft překonal výsledky za 3Q odhady trhu Research (J&T BANKA)
October 19, 2016Výsledky Morgan Stanley za 3Q překonaly odhady trhu Vladimír Urbánek (Kurzy.cz)
October 17, 2016Výsledky Bank of America za 3Q překonaly odhady trhu Vladimír Urbánek (Kurzy.cz)
April 14, 2014Výsledky Citigroup za 1Q14 nečekaně překonaly odhady trhu Vladimír Urbánek (Kurzy.cz)
October 30, 2013Výsledky GM za 3Q překonaly odhady trhu Vladimír Urbánek (Kurzy.cz)

Výsledky Citigroup za 3Q překonaly odhady trhu

Diskuze a názory

Na dané téma nejsou žádné názory.


Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2017

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688