Citigroup's profit jumped 40% in its third quarter, beating expectations on strong revenue growth.
-- Total profit hit $5.25 billion, or $2.85 a share.
-- Revenue rose 8% to $23.85 billion, its best third quarter in a decade.
-- Analysts had expected the bank to post earnings of $2.65 per share on revenue of $23.72 billion.
-- The quarterly growth is extra high because a year ago the bank took a goodwill charge on the plans to shed its Mexican bank Banamex.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.