Seeking Alpha
  • David White
    C was up big on earnings, but it was mostly adjustments. Did get better fixed income trading results. Otherwise turned GAAP $0.15 into $1.06
    10/15/12
    Reply (3)
    • David White: In other words, GAAP $0.15 earnings were reported as $1.06 in adjusted earnings. A big part of this was the devaluation of C's remaining
      10/15/12
    • David White: Morgan Stanley Smith Barney assets from the JV interest it is selling to MS. This should tell you that Citi Holdings has a lot of far over
      10/15/12
    • David White: valued assets. That's not good, especially when C is decreasing its loan loss reserves.
      10/15/12