Citigroup’s Q3 Earnings Rose on Higher Spread and Lower Tax Rate

Citigroup’s Q3 Earnings Rose on Higher Spread and Lower Tax Rate

Citigroup (C) continued its strong earnings streak with better-than-expected bottom-line results for the third quarter of 2018. The bank posted earnings of $1.73, which was above Wall Street estimates of $1.69. Third-quarter earnings rose 21.8% on a YoY basis and 6.1% sequentially.