Citigroup earnings top expectations

Citi Building Sign

Citigroup delivered quarterly earnings that topped analysts' expectations on Thursday.

The banking giant posted third-quarter adjusted earnings of $1.31 per share, up from $1.15 in the year-earlier period.

Revenue fell to $18.49 billion from $19.98 billion a year ago.

Analysts expected the company to post earnings per share of $1.28 on revenue of $18.54 billion, according to a Thomson Reuters consensus estimate.

Citigroup's stock has fallen 6.27 percent in 2015, lagging fellow banking giants Wells Fargo and JPMorgan Chase , both of which have already posted quarterly results.

The largest U.S. bank posted revenues that missed Wall Street expectations, while Wells reported better-than-expected revenues.

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