Overview

* Citigroup ( C/PN ) Q3 revenue of $22.1 bln beats analyst expectations

* EPS for Q3 misses analyst estimates

* Adjusted EPS reported at $2.24 for Q3

Result Drivers

* CREDIT LOSS PROVISION - Citigroup ( C/PN ) reported a credit loss provision of -$238 mln, indicating a release of reserves

* OPERATING EXPENSES - Operating expenses were $14.3 bln, reflecting ongoing investments in technology and risk management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $22.10 $21.08

Revenue bln bln (14

Analysts

)

Q3 $2.24

Adjusted

EPS

Q3 EPS Miss $1.86 $1.90

(16

Analysts

)

Q3 Net $3.80

Income bln

Q3 -$238

Credit mln

Loss

Provisio

n

Q3 $14.30

Operatin bln

g

Expenses

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)