In Case You Missed It: Citi Earnings Propels Banks, Market Fears Earnings Growth

Citigroup's revenue miss and trading revenue decline doesn't make bank investors shudder.
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Shares of Citigroup Inc. (C) - Get Report edged more than 4% higher to $59.19 after beating earnings expectations. 

Citi's Highlights

Revenue missed estimates, as trading revenue fell 14%, with fixed-income trading being the worst performing asset class. 

Earnings per share came in better-than-expected, as expenses were lower than expected. Citi wants to buy back $9.8 billion of its own stock in the first half of 2019

The rest of the banking sector is up, on the back of Citi's results. 

Real Money's Kevin Curran has been all over Citi's results. 

Broader Market

More evidence the Chinese economy is slowing was causing all three major U.S. indices to fall on Monday

Citigroup is a holding in Jim Cramer's Action Alerts PLUS member club. Members of Cramer's Action Alerts Plus club can watch Cramer's exclusive call on Thursday, Nov. 17.