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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Citigroup Earnings Rise 2 comments
    Apr 14, 2014 11:59 AM | about stocks: C

    Originally published at www.seclive.com

    Citigroup Inc (NYSE:C) announced its financial results for the first quarter of fiscal year 2014, reporting a rise in earnings while revenue slightly dipped. The New York-based bank reported revenue that dipped 0.6% to $20.12B, beating analyst expectations of $19.37B. The company's earnings were $3.94B and $1.23 per share, up from the $3.81B a year-ago and flat with earnings per share unchanged. Citigroup's results pleased investors and are good news for the company after having a rough quarter during which it failed to get Federal Reserve approval for higher investor dividends and share repurchases, a decision made by the Fed after potential fraud in its Mexico business was revealed. CEO Michael Corbat commented that the company delivered strong results despite a tough quarter and reiterated his intent to take the necessary steps to secure Fed approval for its capital plan.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: C
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  • Anyoption
    , contributor
    Comments (217) | Send Message
     
    That surprises me after seeing JPMorgan missed their earnings target
    14 Apr, 03:44 PM Reply Like
  • adspatz
    , contributor
    Comments (2) | Send Message
     
    Author’s reply » I couldn't help but think the same thing! Thanks for your comment.
    15 Apr, 11:02 AM Reply Like
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