citigroup, earnings

Citigroup first-quarter profit rises 31 percent

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.

Citigroup profit hit by more than $2 billion in charges

Citigroup Inc posted $2.32 billion of charges for layoffs and lawsuits in its first financial report under new Chief Executive Michael Corbat, who said the bank needs to do better for shareholders.

Citigroup earnings rise 74 percent, to $3.8 bln

itigroup's strategy of slimming down and focusing on a few core businesses is paying off. The New York bank reported third quarter earnings rose 74 percent in the third quarter, to $3.8 billion, due to lower losses from loans and an accounting gain. Its international consumer lending business grew in Asia and Latin America. The bank also decided to keep its credit card partnership with retailers as that business improved.

Senh: I was wondering what "accounting gain" meant. It sounds like one of those abstract accounting practices that gets companies in trouble. But apparently all that meant was that the value of their liabilities are lower, and they have to report that as a gain. It sounds like a one-off though, and not something they can reproduce over time.

Citi delivers $2.7 billion profit

Citigroup posted second-quarter earnings of $2.7 billion Friday, marking its second consecutive profit and beating Wall Street expectations, thanks to improving credit ...

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Citigroup first-quarter profit rises 31 percent

Citigroup profit hit by more than $2 billion in charges

Citigroup earnings rise 74 percent, to $3.8 bln

Citi delivers $2.7 billion profit