Citigroup profit falls but beats Wall Street target; shares fall
Marketwatch -

Citigroup Inc. said Friday its fourth-quarter net income fell to $3.17 billion, or $1.46 a share, from $4.3 billion, or $1.92 a share, in the year-ago period. Revenue increased to $17 billion from $16.8 billion. The New York-based bank beat the Wall Street targets of $1.39 in earnings on revenue of $16.85 billion, according to a survey by FactSet. Citi said it faced higher expenses, partially offset by higher revenue and lower cost of credit. The latest quarter also included a pre-tax impact of...

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