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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  • 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 from ...
    07/16/2012 - 3:10 am | View Link
  • Citigroup earns $2.9 billion in Q2, beats Street
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