Citigroup Earns $2.9 Billion In Q2, Beats Estimates

Income included a $984 million reduction in the bank's loan loss reserves and accounting gain of $219 million.

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BING NEWS:
  • Citigroup earns $2.9 billion in Q2, beats Street
    NEW YORK (AP) -- Citigroup says it made $2.9 billion in the April-to-June period, helped by lowering the amount it keeps aside for loan losses because more of its customers paid back loans on time. The bank says it earned 95 cents per share, exceeding the ...
    07/16/2012 - 3:39 am | View Link
  • Citigroup earns $2.9 billion in Q2, beats estimates
    NEW YORK – Citigroup's (C) net income fell 12% in the second quarter partly due to a loss on the sale of its stake in a Turkish lender. The income of $2.9 billion was still better than analysts were expecting. Citi is one of the largest international ...
    07/16/2012 - 2:56 am | View Link
  • Citigroup's profit falls 12% but beats estimates
    The $2.9 billion profit, flat from the first quarter, beat the average analyst estimate. Revenue fell 9.7% from a year earlier, to $18.6 billion, and slipped slightly from the first quarter in part because Citi's $219 million gain from the valuation of its ...
    07/16/2012 - 1:10 am | View Link
  • Citigroup earns $2.9 billion in Q2, beats Street
    NEW YORK (AP) — Citigroup made $2.9 billion from April through June and exceeded Wall Street estimates, helped by lowering the amount it keeps aside for loan losses because more of its customers paid back loans on time. Net income was down 12 percent ...
    07/15/2012 - 11:25 pm | View Link
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