Citigroup posts $3.2 billion third-quarter profit

It has now chopped a total C$3.2 billion. in the third quarter, and lowered its 2015 cost guidance to a range of C$29 to C$32 a barrel. North American oil and gas producers are slashing budgets,

The top 15 emerging markets for international house hunters Indeed, even though U.S. REITs and the dollar recorded total returns in excess of 4.5%, declines were seen in bonds, gold, oil, preferred stocks and U.S. equities, along with developed international.

Citi Posts $2.8 Billion 3rd-Quarter Loss. Citigroup on Thursday reported a $2.8 billion loss for its third quarter, as the banking giant took more than $13.2 billion in charges related mostly to its store of toxic mortgage assets. The quarterly loss, its fourth in a row, was a stark reversal from the $2.2 billion it earned at.

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Chief Executive Roy Harvey said on a post-earnings. expectation of $3.0 billion and $3.2 billion. Net loss attributable to Alcoa was $41 million, or 22 cents per share, in the third quarter ended.

Citi said it earned $3.2 billion, or $1 a share, in net income in the quarter, up from $468 million, or 15 cents a share, during the same period a year ago.

owns The Washington Post.) Amazon Web Services, the company’s cloud business, continued to be an important source of revenue. It brought in $4.6 billion during the third quarter, up from $3.2 billion.

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Citigroup reported third-quarter earnings on Friday. beating analyst expectations and growing profit by 12%. The bank’s trading revenues were robust in aggregate, with fixed-income leading the way.

General Motors Co., the largest U.S. automaker, rose the most in eight weeks after posting a third-quarter profit that. rose to $2.19 billion from $1.72 billion compared with a year earlier..

The company said it is taking a variety of steps to avoid becoming undercapitalized as a result of further deterioration in the housing market, including cutting its third-quarter. rose to $5.3.

Citigroup to post $2.7 billion in added legal costs in fourth quarter: CEO. On Oct. 30, Citigroup reduced third-quarter results because of an additional $600 million in legal costs. The change took Citigroup’s third-quarter profit down to $2.84 billion.

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Bank of America posted a $3.2 billion profit last quarter, and Citigroup earned $4.3 billion. The friend you lent $50 last week so he could afford groceries is showing you his new iPhone. Punch.

On Oct. 30, Citigroup reduced third-quarter results because of an additional $600 million in legal costs. The change took Citigroup’s third-quarter profit down to $2.84 billion.