Citigroup Posts $1.3 Billion Profit

January 19, 2011 by admin · 1 Comment · 546 views
Filed under: Bussiness & Finances 

Citigroup Inc posted a $1.3 billion quarterly revenue on Tuesday, as losses on poor loans fell, but the bank missed estimates on its earnings as it struggled which has a slump in revenue. Shares of Citigroup fell about 3.5 % to $4.95 in premarket trading.

The bank noted revenue of $18.4 billion, an increase from a yr earlier but a 6 % drop through the third quarter. Citigroup attributed the slump to a slowdown in its investment bank.

Shares of Citigroup closed at $5.13 on Friday — their highest close because August 2009.

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  1. Citigroup Posts $1.3 Billion Profit | abelavista.com says:
    January 19, 2011 at 12:42 am

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