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Citigroup Stock Rises Even Though Revenue Falls Short
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Citigroup (ticker: C) reported lower revenue than expected when it disclosed its fourth-quarter earnings Monday before the market opened. Fixed-income trading was particularly weak.
Investors shrugged off the bad news, which was tempered by positive results in and the core banking business. The stock was up 2.5% in morning trading, while the Dow Jones Industrial Average was 0.4% lower.
The bank’s fixed-income trading unit reported $1.94 billion in revenue, a 21% year-over-year drop. Overall, the company, which was the first big U.S. bank to report its year-end results, reported $17.1 billion in revenue, well below the $17.6 billion analysts expected.
Citigroup’s earnings were higher than expected. The bank delivered $1.61 a share in profit, excluding the impact of tax-law changes, above the consensus of $1.55 a share.
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https://www.barrons.com/articles/citigro...yptr=yahoo
![[Bild: Cc1dl1518.png]](https://finviz.com/publish/011419/Cc1dl1518.png)
https://www.barrons.com/articles/citigro...yptr=yahoo
...
Citigroup (ticker: C) reported lower revenue than expected when it disclosed its fourth-quarter earnings Monday before the market opened. Fixed-income trading was particularly weak.
Investors shrugged off the bad news, which was tempered by positive results in and the core banking business. The stock was up 2.5% in morning trading, while the Dow Jones Industrial Average was 0.4% lower.
The bank’s fixed-income trading unit reported $1.94 billion in revenue, a 21% year-over-year drop. Overall, the company, which was the first big U.S. bank to report its year-end results, reported $17.1 billion in revenue, well below the $17.6 billion analysts expected.
Citigroup’s earnings were higher than expected. The bank delivered $1.61 a share in profit, excluding the impact of tax-law changes, above the consensus of $1.55 a share.
...
https://www.barrons.com/articles/citigro...yptr=yahoo
https://www.barrons.com/articles/citigro...yptr=yahoo
