Citigroup announced Monday its first quarter profits declined, but lending problems eased as the New York-based banking company continued to recover from the housing crisis.
Citi reported that earnings fell 32% to $3 billion or 10 cents per share, down from $4.43 billion or 15 cents per share from year earlier. Revenues declined 28.9% to $19.7 billion. The company beat analysts expectations by a penny.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access