Citigroup Shares Tumble as Revenue Gains Seen as ‘Soft’
- Citi Holdings revenue jumps 61% on sale of OneMain, Japan unit
- Shares fall 6.4%, most in four years, after earnings released
Are Investors Cheered By Citi's 4Q Revenue?
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Citigroup Inc. tumbled 6.4 percent, the most in four years, after reporting fourth-quarter revenue gains that some analysts said came from too many one-time items.
The shares dropped to $42.47 at 4 p.m. Friday in New York after falling as low as $41.85. They’re down 18 percent this year, the third-worst performer in the 24-company KBW Bank Index.