Citigroup shares rise as profit beats estimates on bond trading

Citigroup advanced the most among the largest US banks after reporting a surprise third-quarter profit and a surge in bond-trading revenue that beat analysts’ estimates.

15th October, 2012
Citigroup chief executive Vikram Pandit.

Citigroup advanced the most among the largest US banks after reporting a surprise third-quarter profit and a surge in bond-trading revenue that beat analysts’ estimates.

Citigroup rose 3.6 per cent to $36.01 a short time ago, the biggest gain in the 81-company Standard & Poor’s 500 Financials Index, after the New York-based company said net income excluding one-time items and a $582 million tax benefit was $1.06 a share. That beat the 97-cent estimate...

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