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News

What Citigroup's Q1 Earnings Mean For Mutual Fund Investors (C)

Shauna O'Brien Apr 16, 2015



Inside the Results


Net income increased to $4.8 billion, or $1.51 per share, up from $3.9 billion, or $1.23 per share, last year. Excluding special items, EPS was $1.52 – above analysts’ view of $1.39.

Revenue
Revenue declined to $19.74 billion from $20.21 billion. Analysts expected to see revenue of $19.82 billion.


Cutting Costs


The bank has faced challenges since the financial crisis, but has begun to recover as it repairs relationships and legal issues. During the last stress test, the bank was finally given permission to boost its 1 cent quarterly dividend.


Mutual Funds to Watch



The Bottom Line


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