From Citi to Morgan Stanley and BofA: flurry of profits for American banks

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A flurry of quarterly reports that beat expectations on the eve and push share prices up. American banks continue to grind profits thanks to investment banking activities and beyond. Here are the details of the accounts announced today, October 14th.

Citigroup: + 48% third quarter profit at $ 4.64 billion

In the third quarter, Citigroup reported profits up 48% and revenues down 1%, results above analysts’ estimates, thanks to the good performance of its investment banking and market-related activities. In the …