Markets

Citigroup misses 4th-quarter revenue forecasts as bond trading disappoints

Citigroup reported mixed fourth-quarter earnings on Friday that were hurt by weaker-than-expected fixed-income trading revenues. The bank reported profits that beat analyst estimates, but revenue fell short. Citigroup saw weakness in its consumer banking arm, with revenues down 14%. Shares of Citigroup fell more than 1% in early trading. Sign […]
Citigroup misses 4th-quarter revenue forecasts as bond trading disappoints
Markets

Citigroup posts strong trading results amid layoffs, beats profit estimates

Citigroup reported third-quarter earnings on Tuesday morning before the opening bell. Both revenue and earnings per share outperformed Wall Street expectations. The firm saw trading results slip just 1% amid hundreds of layoffs, beating expectations for a 4% decline. The bank also reported fixed-income trading revenue that beat estimates and […]
Citigroup posts strong trading results amid layoffs, beats profit estimates
Markets

Citigroup climbs after beating expectations despite a $22 billion tax hit

Citigroup‘s stock climbed after reporting strong earnings that beat analysts’ expectations. The major banks are expected to post some losses after provisions in the new tax law. Shares of the major banks were up in pre-market trading. View Citigroup’s real-time stock price here. Shares of Citigroup jumped 3.10% to $US79.22 […]
Citigroup climbs after beating expectations despite a $22 billion tax hit