FILE PHOTO: The Citigroup Inc (Citi) brand is seen on the SIBOS banking and monetary convention in Toronto, Ontario, Canada, Oct. 19, 2017. REUTERS/Chris Helgren/File Photograph
(Reuters) – Citigroup Inc reported a 2 % rise in quarterly earnings on Monday, as funding banking income surged and internet curiosity margin expanded.
Web earnings rose to $4.71 billion, or $1.87 per share, for the primary quarter ended March 31 from $4.62 billion, or $1.68 per share, a 12 months earlier.
Income fell 2 % to $18.58 billion.
Analysts have been in search of a revenue of $1.80 per share on income of $18.63 billion, in response to IBES information from Refinitiv. It was not instantly clear if the revenue quantity was comparable.
Reporting by Imani Moise in New York and Sidharth Cavale in Bengaluru; Enhancing by Anil D’Silva