Citi Earnings Hit By Long Arm Of The Law
Citigroup reported second-quarter earnings of three cents per share Monday, as it agreed to a massive $7 billion settlement with the Justice Department. Excluding the settlement and other charges, Citi’s earnings would have been $1.24 per share. Analysts were expecting $1.05 per share, excluding special charges. Citi shares rose $1.81, or 3.8%, to $48.81 per share in pre-market trading.
“Citi Earnings Hit By Long Arm Of The Law” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.