'It has been doing an excellent job in investment banking,' says Richard Bove, analyst at Rafferty Capital.Ĭorporate lending revenues rose 17% vs. Investment banking revenues increased 32% vs. The banking giant did fare well in some areas. 'Our consumer bank and institutional business each had solid performance during the quarter and generated stronger revenues both sequentially and year-on-year,' CEO Michael Corbat said in a statement.Ĭitigroup shares were up $1.56 to $51.45 in the first half hour of regular trading Tuesday. Revenues rose to $19.6 billion in the third quarter from $17.9 billion the same period a year ago. The bank intends to focus on 24 markets where it has the largest scale and most growth potential.Įxcluding adjustments, Citi earned $1.15 a share, beating the consensus estimate of $1.12 a share, according to FactSet's survey of analysts. Citigroup, the nation's third-largest bank by assets, reported third-quarter earnings of $1.07 a share Tuesday, up from $1 in the same period last year.Ĭiti (C) also said it is exiting consumer banking in 11 countries including Japan, the Czech Republic and Egypt.

Citi's global consumer bank