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Citigroup’s Q3 Revenues Fell Short of Wall Street Estimates

Andrew Brunton
Citigroup’s Q3 Revenues Fell Short of Wall Street Estimates

Citigroup’s (C) total revenues of $18.4 billion fell short of analysts’ estimate of $18.5 billion. Total revenues for the quarter also declined marginally on a year-over-year (or YoY) and sequential basis. The YoY comparison reflects the net impact of a gain from the sale of its fixed income analytics business in the year-ago quarter, a gain on the sale of its asset management business in Mexico, and unfavorable currency exchange rates.