SAN FRANCISCO (MarketWatch) – Citigroup Inc. reported. Revenue jumped to $18.4 billion from $5.4 billion in the year-ago period, but slipped 11% from the third quarter of 2010. On average, analysts.
owns The Washington Post.) Amazon Web Services, the company’s cloud business, continued to be an important source of revenue. It brought in $4.6 billion during the third quarter, up from $3.2 billion.
The New york-based bank earned .62 billion in the third quarter, up from $4.13 billion a year ago. Citi earned a profit of $1.74 per share, which was better than the $1.68 a share that was.
· The gains ended a three-week slump in the S&P 500 spurred by concern the U.S. auto industry may collapse and profit reports that showed the recession intensifying. The stock benchmark is down 39 percent this year, the worst performance since 1931. Citigroup, the second-biggest U.S. bank by assets, rose 120 percent to $8.29.
For much of the last two years, Amazon Web Services – the company’s cloud computing unit – has accounted for a sizeable chunk of Amazon’s overall profits. third quarter, up from $3.2 billion in the.
After pulling off two consecutive quarterly profits, Citigroup slipped to a loss of $3.2 billion in the third quarter as spiraling consumer losses overwhelmed its strong trading results. The bank’s.
U.S. consumer unit posts rare revenue drop in quarter. post a surprise 9 percent jump in revenue from fixed-income trading in the third quarter.. This time those desks generated $3.2 billion, beating analysts' predictions for.
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BI PRIME: The bank’s trading revenues were robust overall, with fixed-income leading the way with a 9% jump to $3.2 billion- lapping rival JPMorgan by $400 million. In equities, it was a.
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· Amazon’s shares climb 7 percent on strong financial results. owns The Washington Post.). It brought in $4.6 billion during the third quarter, up from $3.2 billion a year earlier.
· After pulling off two consecutive quarterly profits, Citigroup slipped to a loss of $3.2 billion in the third quarter as spiraling consumer losses overwhelmed its strong trading results. The bank.