Citi’s markets revenues drop due to EQD normalisation

Citi has reported a net income of US$3.5 billion for the third quarter of 2022 – down 25% from the prior year period (Q3 2021: US$4.6 billion). Revenues of US$18.5 billion increased by six percent from Q3 2021; earnings per share of US$1.63 decreased 24% from the prior-year quarter, reflecting the lower net income, partially offset by an approximate four percent decline in average diluted shares outstanding. We matched last year’s particularly good showing through our long-standin