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.

Topics:  million   
BING NEWS:
  • Citigroup to pay $7B in subprime mortgages probe
    WASHINGTON — Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst ...
    07/13/2014 - 1:00 pm | View Link
  • Capital One to sell $7 billion worth Best Buy card portfolio to Citigroup
    Capital One Financial Corp said it agreed to sell to Citigroup Inc its $7 billion portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co Inc. Capital One, which is among the largest credit card issuers in ...
    02/18/2013 - 11:00 am | View Link
  • 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 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 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
  • More
BING SEARCH:
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    09/2/2014 - 12:57 pm | View Website
  • Bank of America Newsroom
    The Global Transaction Services business at Bank of America Merrill Lynch has published its annual report on the Latin America market, entitled “Driving ...
    09/2/2014 - 12:00 pm | View Website
  • JPM Stock Quote
    Chase Sapphire Preferred Donates $20,000 to Los Angeles Regional Food Bank at Live Chef Challenge During Fourth Annual Los Angeles Food & Wine ...
    09/2/2014 - 11:38 am | View Website
  • C: Citigroup
    14 Day Free Trial. Earn more from your dividend portfolio within the next 14 days. Sign Up Today
    09/2/2014 - 4:22 am | View Website
  • Zacks.com
    Just Released: 5 Stocks to Double. Today, you are invited to download a free Special Report from Zacks Investment Research. It reveals five moves that could gain +100 ...
    09/2/2014 - 3:03 am | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News