Stories Related to Citigroup First-quarter Profit Rises 31 Percent

(Reuters) - Citigroup Inc reported a higher-than-expected 31 percent rise in first-quarter profit on Monday as it drew down loss reserves for mortgage loans, and revenue from its securities and investment banking business swelled.

Sections:  news   
RELATED ARTICLES
  • HTC Expects Brighter Second Quarter
    Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up. More
  • Mobile Efforts Help Propel Facebook’s Earnings
    Facebook was once a darling of investors, then a turnoff. Now, a year after going public, the social network seems to have settled into a more stable relationship with Wall Street. But the company has still been taking pains to prove that it can make more money from its base of more than a billion users, especially from those using Facebook on mobile devices. More
  • All Eyes On Facebook's Mobile Growth And Graph Search Progress
    Quick Take Facebook will release its Q1 2013 earnings on May 1. We expect healthy advertising revenue growth driven by improved mobile monetization and a growing user base. Margins will shrink due to higher headcount related costs and infrastructure investments. We’ll also look for any color on the success of Graph Search, which could be one of the key features of Facebook going forward. More
  • The New York Times Company Reports a Drop in Profit
    While advertising continued to fall, The New York Times Company, which is repositioning itself for a digital age, said circulation revenue rose 6.5 percent in the first quarter. More
  • Zynga Q1 Earnings Beat Street, But Shares Down
    Zynga posted first quarter 2013 earnings that beat analysts expectations, but shares are trading down after-hours on future outlook. More
BING NEWS:
  • ASX closes higher; BHP, miners advance, Santos to cut 200 jobs
    Shares end higher after budget as BHP jumps; AACo swings to a loss; Iress reveals data leak; CSR hit by energy costs; Q1 wages cool more than expected.
    05/14/2024 - 9:05 pm | View Link
  • News updates from May 14: Anglo American to break itself up; Powell hints at rates staying high
    Live news: Powell hints at rates staying high as Fed continues inflation fight on facebook (opens in a new window) Live news: Powell hints at rates staying high as Fed continues inflation fight on ...
    05/14/2024 - 6:55 am | View Link
  • Tencent Profit Recovers, Approaches $6 Billion in First Quarter
    China's social media, streaming and games giant, Tencent sees profit recover to close to $6 billion in the first quarter of the 2024 financial year.
    05/14/2024 - 2:12 am | View Link
  • Fincantieri Q1 core profit rises on growing demand
    Fincantieri reported a 16% rise in first-quarter core profit to 100 million euros ($108 million) as demand accelerated in all businesses, the Italian shipbuilder said on Tuesday.
    05/13/2024 - 10:39 pm | View Link
  • Kenya's Equity Group first-quarter pretax profit rises 21%
    Kenya's Equity Group Holdings said on Monday first-quarter pretax profit rose 21% to 20.4 billion shillings ($155.73 million), helped by growth in interest income.
    05/12/2024 - 5:52 pm | View Link
  • More

 

Comment On This Story

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 News