View C Q3 Earnings Report

Highlights:

• Citigroup today reported net income for the third quarter 2009 of $101 million, and a $0.27 loss per share, based on an average 12.1 billion shares outstanding.
• Third quarter revenues were $20.4 billion. Results included $8.0 billion in net credit losses and an $802 million net loan loss reserve build.
• Net loan loss reserve build was $802 million, down from $3.9 billion in the prior quarter.
• The allowance for loan losses increased to $36.4 billion, or 5.9% of total loans.
• Completion of exchange offers resulted in an additional $64 billion of Tier 1 Common and $60 billion of Tangible Common Equity. As a result, Tangible Common Equity and Tier 1 Common ratios improved during the third quarter to 10.3% and 9.1%, respectively. Tier 1 Capital remained stable at 12.7%. Tangible book value per share was $4.47.

Earnings estimates from CNN Money

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Citigroup's website

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