Citigroup Inc. (C) Stock: Slides Despite 40% Surge in Net Income and $5.2B Q3 Profit

TLDR Citigroup stock drops 3.79% to $126.93 despite reporting $5.2B in Q3 profit. Citigroup’s third-quarter net income jumps 40% as revenue rises 8% annually. Services revenue climbs 15% to $6.6B, supported by stronger banking activity. Credit loss provisions increase 6% to $2.6B as the bank builds more reserves. Citigroup returns $4.1B to shareholders despite a [...]

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