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Stocks Gain as Citigroup Beats, Goldman Sachs Disappoints

NEW YORK (TheStreet) -- Stocks climbed on Thursday as investors digested a range of earnings reports from Citigroup (C - Get Report) to Netflix (NFLX - Get Report) .

The S&P 500 was up 0.27%, the Dow Jones Industrial Average added 0.18%, and the Nasdaq gained 0.2%.

Citigroup climbed 3% after reporting better-than-expected net income in its third quarter, driven by a decrease in operating and legal costs. The bank earned $1.35 a share, up from 88 cents a share in the year-ago quarter. Analysts had expected the bank to report earnings of $1.28 a share.

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Citigroup's gains offset a drop in Goldman Sachs (GS - Get Report) shares. The bank slid 2% as third-quarter profit slumped after market volatility hurt trading demand. Net income fell to $2.90 a share, down from $4.57 a share a year earlier, and missed estimates of $2.91. Revenue fell to $6.86 billion and fell short of forecasts of $7.13 million.

Netflix plunged more than 3% on weaker-than-expected growth in subscribers over its third quarter. The streaming service ended the quarter with 69.17 million subscribers, below estimates of 69.73 million. Netflix added 880,000 U.S. subscribers and...