Earnings live updates: Citi stock rises after bank posts best Q3 revenue in a decade

The third quarter earnings season kicked off in earnest on Tuesday with the major Wall Street banks, including JPMorgan Chase (JPM), Goldman Sachs (GS), Wells Fargo (WFC), and Citigroup (C) opening their books. Additional financial firms, including Bank of America (BAC), Morgan Stanley (MS), and BlackRock (BLK), report on Wednesday.Investors are gearing up for another quarter of strong earnings, which has propelled the stock market to all-time highs. Wall Street estimates that the S&P 500 earnings growth rate will be 29.6%, according to FactSet data. If that rate holds, it would mark the third straight quarter of earnings growth above 25%. A broader set of companies, including Johnson & Johnson (JNJ), UnitedHealth (UNH), Taiwan Semiconductor Manufacturing Company (TSM), and ASML (ASML), are also reporting results this week.