Citigroup Inc
C: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Fy | LOCK|S% | LOCK|#K#bcw |
Citigroup Earnings: Favorable Market Conditions Boost Profitability; View Banamex Deal Positively
Favorable market conditions helped Citigroup report good profitability in the third quarter with earnings per share of $1.86, equating to a return on tangible equity of 8.0%. Excluding good impairment related to the Banamex deal, the bank reported adjusted EPS of $2.24 and a ROTE of 9.7%.
