Citigroup posts $3.2 billion third-quarter profit

 · NEW YORK: Citigroup Inc reported a third consecutive quarterly profit on Monday as losses slowed and the bank set aside less money to cover bad loans. The third-largest U.S. bank by assets swung to a third-quarter profit of $2.2 billion, or 7 cents per share, from a year-earlier loss to shareholders of $3.2 billion, or 27 cents per share.

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SAP SE, Europe’s biggest technology company, raised its projections for the year due to accelerating momentum for its cloud business, but third quarter profit missed. Operating profit came in at.

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Citigroup posts .4b profit; Best in 3 Years.. Citigroup said it earned $4.4 billion after payment of preferred dividends, compared with a loss of $696 million a year earlier.

Bank of America just posted more quarterly profit than at any time in its history. which posted a 25% increase in profit to $3.2 billion at its retail bank. And on Monday, investors punished Citigroup, the third biggest U.S. bank,

Private-Label Securitization Market Starts to Thaw with Jumbo Prime RMBS US private label mortgage market gains steam aig priced a debut RMBS deal on Monday, while three transactions backed by seasoned performing, re-performing and non-performing loans hit the primary.

The company has broken earnings records for the last three consecutive quarters, but even though it showed a profit in its third-quarter report. CEO Jeff Bezos saw his net worth drop by $3.2.

UPDATE 1-Citigroup sees Q3 loss for JPMorgan; cuts ’08,’09 view. to post a loss in the third quarter, which rates the stock "hold," said it sees $3.2 billion of reserve build and likely.

Citigroup Profit in Third Quarter More Than Tripled to $2.44 Billion. Profit at the nation’s largest financial-services company, created last year by the merger of Citicorp and Travelers Group Inc., rose to $2.44.

Third quarter earnings plummeted because. was always expected to buy out Citigroup’s stake in MSSB. If not for the losses from MSSB, the bank would have reported profit of $3.2 billion or $1.06 a.

Citi’s third quarter adjusted revenue — excluding cash value added, debt value adjustment and a tax benefit — came in at $17.9 billion with adjusted earnings per share of $1.00 and adjusted net.

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 · NEW YORK (CNNMoney.com) — JPMorgan Chase said it earned $4.4 billion during the third quarter on Wednesday, an increase of 23% from a.