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

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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