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."
Most Recent Videos
Alan Patricof: It’s Hard to Predict Anything About Trump
55:51 - Greycroft Partners Managing Director Alan Patricof and 500 Startups Founding Partner Dave McClure discuss VC investing, the impact President Trump may have on the tech sector and the merger and acquisition atmosphere. They speak on “Bloomberg Technology.” (Source: Bloomberg)