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Citigroup’s Efficiency Ratio Improved in Q3 on Controlled Spending

Andrew Brunton
Citigroup’s Efficiency Ratio Improved in Q3 on Controlled Spending

Citigroup’s (C) efficiency ratio has improved in the past few quarters and is currently hovering around 56% compared to 59% at the beginning of 2017. The bank’s operating efficiency further improved in the third quarter and came in at 56.1%, down from 56.6% in the corresponding quarter last year and 58% in the previous quarter. Citigroup’s efficiency ratio is the second best among the top US banks (XLF).