Citigroup: consensus easily beaten in Q4

(CercleFinance.com) - Just like JPMorgan late last week, before Wall Street opened on Tuesday Citigroup reported Q4 results that are better than expected.


The US bank lamented a loss per share of 7.15 dollars over the period, against a profit of 1.14 dollar a year earlier. However, adjusted EPS reached 1.28 dollar, more than double the consensus of 56 cents.

Revenues performed well, increasing by 300 million dollars year-on-year to 17.3 billion dollars. The consensus expected a smaller increase to about 17.2 billion dollars.


Copyright (c) 2018 CercleFinance.com. All rights reserved.