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."

Climate Change Costs Mount: How Markets Are Impacted
15:15 - Bank of America Merrill Lynch thematic investing strategy head Sarbjit Nahal discusses climate change’s risk to portfolios with Bloomberg's Joe Weisenthal and Alix Steel on "What'd You Miss?" (Source: Bloomberg)
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