Citi beats, profits jump 12% (C)

Citigroup reported third-quarter earnings of $1.73 per share, beating analyst expectations. Citigroup announced third-quarter earnings results Friday, reporting adjusted earnings of $1.73 per share, a 22% increase from last year. Analysts had expected $1.68 a share. The beat was driven by the lower corporate tax rate, lower expenses, and a lower cost of credit, the bank said.   Revenues, however, declined slightly as branded cards and retail banking continued to struggle and a...