Citigroup (C): Q2 EPS (excl. CVA/DVA and
respositioning charges) of $1.25 beats by $0.07.
Revenue of $20.0B (excl. CVA/DVA and respositioning charges) beats by $0.33B
More on Citigroup (C) Q1 earnings: Loan loss release of $784M (about $0.25/share) vs. $1B a year ago. Allowance for loan losses drops to 3.4% of total loans from 4.3% a year ago. Roughly $600M (about $0.19/share) of DTA used, bringing total used YTD to $1.3B (DTA is about $55B). Citi Holdings assets cut by $60B to $131B, now 7% of total assets. Global consumer banking revenue up 2%, with North America off 1%. In line with JPMorgan and Wells, company expects retail banking to take a hit from slower mortgage business. Tier 1 Capital Ratio up 20 bps to 13.3%. Book value/share up $0.51 to $63.02. "Banker To The World," Citigroup made the Barron's cover over the weekend. CC at 10 ET. Shares +1.7% premarket.
More Stocks News More on Citigroup (C) Q1 earnings: Loan loss release of $784M (about $0.25/share) vs. $1B a year ago. Allowance for loan losses drops to 3.4% of total loans from 4.3% a year ago. Roughly $600M (about $0.19/share) of DTA used, bringing total used YTD to $1.3B (DTA is about $55B). Citi Holdings assets cut by $60B to $131B, now 7% of total assets. Global consumer banking revenue up 2%, with North America off 1%. In line with JPMorgan and Wells, company expects retail banking to take a hit from slower mortgage business. Tier 1 Capital Ratio up 20 bps to 13.3%. Book value/share up $0.51 to $63.02. "Banker To The World," Citigroup made the Barron's cover over the weekend. CC at 10 ET. Shares +1.7% premarket.
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com
