Citigroup Cheers Earnings Beat
(MENAFN - Baystreet.ca) Citigroup (NYSE:C) on Thursday posted results that beat analysts' estimates for first-quarter profit with strong investment banking revenue and a bigger-than-expected release of loan-loss reserves.The firm also said it was shuttering retail banking operations in 13 countries across Asia and parts of Europe to focus more on wealth management in markets outside the U.S.The bank posted profit of $7.94 billion, or $3.62 a share, exceeding the $2.60 estimate of analysts. Revenue... Читать дальше...