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Citigroup’s Q3 Earnings Rose on Higher Spread and Lower Tax Rate

Andrew Brunton
Citigroup’s Q3 Earnings Rose on Higher Spread and Lower Tax Rate

Citigroup (C) continued its strong earnings streak with better-than-expected bottom-line results for the third quarter of 2018. The bank posted earnings of $1.73, which was above Wall Street estimates of $1.69. Third-quarter earnings rose 21.8% on a YoY basis and 6.1% sequentially.