Group 1 - Citigroup's third-quarter profit fell due to increased credit losses and reserves for bad loans, leading to a decline in shares [1] - Net income decreased by 9% year-over-year to 3.24billion,or1.51 per share, although it exceeded analyst estimates [1] - Revenue, net of interest expense, rose by 1% to 20.32billion,alsosurpassingexpectations[1]Group2−Thecostofcreditincreasedto2.7 billion from 1.8billionin2023,primarilydrivenbyhighercreditcardlossesandariseintheallowanceforcreditlosses,whichgrewto22.1 billion from 20.2billion[1]−Revenuegrowthwasnotedacrossallbusinesssegmentsexcept"allother,"withtheinvestmentbankingunitshowingasignificant31934 million [1] - CEO Jane Fraser emphasized that the results indicate the bank is moving in the right direction, with positive operating leverage, share gains, and fee growth [2]