Banking stocks rise on positive Citigroup results

Better-than-expected quarterly results from Wall Street giant Citigroup gave the London market a boost today as banking stocks rose higher.

Banking stocks rise on positive Citigroup results
Mon, 18 Oct, 2010 - 19:17

Better-than-expected quarterly results from Wall Street giant Citigroup gave the London market a boost today as banking stocks rose higher.

Citi, which is 12% owned by the US government, made earnings of $2.15bn (€1.53bn) between July and September – beating market forecasts and raising investor hopes for a decent third quarter reporting season from banks worldwide.

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CourtsBusinessHeathrowPlace: Wall StreetPlace: LondonPlace: AmericaPlace: USPlace: Western AustraliaPlace: AustraliaPlace: EuropePlace: AsiaPlace: AfricaPerson: Ben BernankeOrganisation: CitigroupOrganisation: CitiOrganisation: US governmentOrganisation: Lloyds Banking GroupOrganisation: BarclaysOrganisation: HSBCOrganisation: BTOrganisation: WhitehallOrganisation: Federal ReserveOrganisation: Randgold ResourcesOrganisation: XstrataOrganisation: Rio TintoOrganisation: BHP BillitonOrganisation: BHPOrganisation: Vertu MotorsOrganisation: Peroni Nastro AzzurroOrganisation: SABMillerOrganisation: FootsieOrganisation: Autonomy CorporationOrganisation: Arm HoldingsOrganisation: 3iOrganisation: Rolls RoyceOrganisation: Vedanta Resources
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