Tuesday, January 18, 2011

Citigroup

Citigroup
Citigroup Inc. posted a quarterly profit of 1.3 billion U.S. on Tuesday that losses on bad loans has declined, but the bank did not meet its earnings estimates while attempting a Citigroup recession revenue.Shares fell 3.5 percent, to $ 4.95 in earnings pre-market trading.The bank debt decreased by only 58 percent in the third quarte, compared with a decline of 7.9 percent by rival JPMorgan Chase & Co, which reported its fourth-quarter earnings on Friday.

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