Citigroup profit rises 15% as credit card, trading revenue jump

(Reuters) - Citigroup Inc reported a 15% jump in fourth-quarter profit on Tuesday, driven by higher credit card and trading revenue, as well as a lower tax bill.

Net income applicable to common shareholders rose to $4.98 billion, or $2.15 per share, in the three months ended Dec. 31, from $4.31 billion, or $1.64 per share, a year earlier.

Excluding the impact of a tax benefit, the bank earned $1.90 per share.

Analysts on average had expected a profit of $1.84 per share, according to IBES data from Refinitiv. It was not immediately clear if the reported numbers were comparable with the consensus estimate.

Reporting by C Nivedita in Bengaluru and Imani Moise and Sweta Singh in New York; Editing by Sriraj Kalluvila

Share this article

About author

Super User

Email This email address is being protected from spambots. You need JavaScript enabled to view it.

Newsletter

Quas mattis tenetur illo suscipit, eleifend praesentium impedit!
Top
We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…