Citigroup's Earnings Beat the Street - TheStreet

Citigroup (C) - Get Report, the largest U.S. financial services company, beat Wall Street's estimates this morning by two cents when it reported earnings of 67 cents a share for the third quarter.

Citigroup said it earned $3.09 billion during the quarter, up from $2.44 billion in the year-ago quarter.

Analysts had been expecting the company to report earnings of 65 cents a share according to

First Call/Thomson Financial

. Yesterday, Citigroup's shares closed at $50.81.