Citigroup Earnings Miss Estimates on Bond Trading

REPLAY VIDEO
Your next video will start in
Pause
  • Info

  • Comments

  • VIDEO TEXT

Oct. 15 (Bloomberg) -- Citigroup, the third-biggest U.S. bank, reported a $3.23 billion profit that missed analysts’ estimates as bond trading slumped 26 percent and U.S. mortgage revenue declined. Sara Eisen reports on Bloomberg Television's "Bloomberg Surveillance." (Source: Bloomberg)

Underestimate the situation they find themselves in and that they vowed not to ignore the challenges they face.

Apple adds their first woman to their executive team, angela rn arran.

They have been without a retail chief since last october.

Time for the major stories shaking the day.

Citigroup earnings are out and it looks like a mess, third- quarter adjusted earnings per share.

Really illuminating headlines , what really interests me is citi holdings are now six percent of the balance sheet.

To me that is remarkably low and shows how they are paring off the challenges that they have versus moving the bank forward.

The number one headline that i see now is on the balance sheet, that citigroup, the spinoff -- the one that is winding down gekko we have a revenue comparison, 18.2 billion dollars on the top line.

A little bit shy of analyst estimates there, the earnings- per-share do denote consensus by two pennies.

Highlight quote from michael corbett in the earnings release, performing relatively well, challenging, uneven macro environment, he is pleased with the cost-cutting, but "we certainly cannot control everything." that was what you were saying, low revenue across gdp.

The chalice from the bank, we think our guest for the balanced perspectives.

Betting on the banks, it was

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change