• Citigroup beats profit estimates on lower expenses, shares rise

    5 monthes ago - By Reuters

    Citigroup Inc beat Wall Street profit estimates on Monday as lower expenses offset a drop in quarterly revenue, stemming from year-end volatility in its fixed-income trading business.
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  • Citigroup adjusted profits rise by 9 percent, beats estimate

    5 monthes ago - By Chron

    NEW YORK - Citigroup is reporting its profits rose by 9 percent on an adjusted basis from a year earlier, helped by a lower tax rate and a reduction in expenses.
    Citi said Monday it earned $4.31 billion in the last three months of 2018, or a profit of $1.64 per share.
    That compares to the fourth quarter of 2017, when Citi reported an $18.89 billion net loss. The loss was mostly an accounting adjustment, caused by the impact of the then-new tax law which required Citi to write off billions of dollars of what are known as tax-deferred assets.
    The results beat analysts' estimates, who were...
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