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Citigroup Stock Fluctuates. Earnings Get Lift From Release of Loan Loss Reserves and Equities Trading.

·3 min read
Citigroup Stock Fluctuates. Earnings Get Lift From Release of Loan Loss Reserves and Equities Trading.
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Citigroup stock was fluctuating after the bank posted third-quarter earnings that topped analysts’ expectations. Citigroup (ticker: C) reported an adjusted profit of $2.15 a share on revenues of $17.2 billion, beating forecasts for $1.71 a share on revenues of $16.9 billion. Boosting profits was a $1.16 billion release of loan loss provisions as economic conditions improved.