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.

Topics:  april   june   wall street   citigroup   billion   
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  • Citigroup beats profit expectations on bond trading comeback
    Total adjusted revenue fell 4 percent to $17.76 billion, again beating the average estimate of $17.36 billion. Both JPMorgan and Wells Fargo beat third-quarter profit forecasts ... the bank to return as much as it earns to significantly improve ...
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    BOSTON -- Citigroup reported a first-quarter profit of $3.8 billion, a 30 percent surge from last year as the bank’s securities and trading operation boosted the company in beating Wall Street ... to borrow and what it earns off loans and investments ...
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    India’s economy showed a less than expected threshold of growth in the first quarter of 2012. India generally suffers ... Back in early 2011, when other investors pulled about $21 billion out of developing economies, Citi invested more.
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