Citigroup Beats Profit Estimates, Revenues Decline

July 16 (Bloomberg) -- Bloomberg's Dominic Chu reports that Citigroup Inc., the third-biggest U.S. bank, reported a 12 percent drop in second-quarter profit that beat analysts’ estimates on revenue from advising on mergers and underwriting stocks and bonds. Net income declined to $2.95 billion, or 95 cents a share, from $3.34 billion, or $1.09, a year earlier, the New York-based bank said today in a statement. He speaks on Bloomberg Television's "In The Loop."

Central Banks' Power to Turn Calm Markets Shaky
11:18 - Vincent Chaigneau, global head of rates and FX strategy at Societe Generale, discusses the calm in markets ahead of the U.S. election and how central bank action can shake up global markets. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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