Fri, Jan 14, 2022 8:12 AM
NEW YORK (AP) _ Citigroup Inc. (C) on Friday reported fourth-quarter earnings of $3.14 billion.
The New York-based bank said it had earnings of $1.46 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The U.S. bank posted revenue of $19.03 billion in the period. Its revenue net of interest expense was $17.02 billion, which missed Street forecasts. Nine analysts surveyed by Zacks expected $17.06 billion.
Citigroup shares have climbed 12% since the beginning of the year, while the S&P's 500 index has risen 24%. The stock has increased slightly more than 1% in the last 12 months.