Citigroup, +40% profits in the third quarter to 5.25 billion, +8% revenues

Citigroup's earnings rose 40% in the third quarter to $5.25 billion ($2.85 per share), beating expectations for revenue growth (+8% to $23.85 billion).

For the American bank it was the best third quarter of the last ten years: analysts had expected profits of 2.65 dollars per share on revenues of 23.72 billion dollars.

The quarterly growth is very high in the wake of the costs incurred 12 months before the start of the liquidation plan of the Mexican bank Banamex.