Citigroup beats by $0.19, beats on revenue


Citigroup (NYSE:C): Q2 EPS (Excl. CVA/DVA) of $1.24 beats by $0.19.

Revenue (Excl. CVA/DVA) of $19.37B (-3.2% Y/Y) beats by $440M.

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Comments (4)
  • WisPokerGuy
    , contributor
    Comments (1379) | Send Message
     
    I'm not surprised very often, but this surprises me. Combined with the Justice Department settlement announced this morning, Citi looks to make a nice pop here and is STILL certainly a buy at this price even after this move. Easily a mid-$50 shareprice.
    14 Jul 2014, 08:08 AM Reply Like
  • JD in NJ
    , contributor
    Comments (1634) | Send Message
     
    C was some of the best bottom fishing I've ever done in the market, back when it was so toxic nobody wanted it. I sold enough of my holdings not long afterwards to get back my original money so whatever it's worth is basically pure profit for me.
    14 Jul 2014, 08:49 AM Reply Like
  • SivBum
    , contributor
    Comments (2737) | Send Message
     
    They called it managing expectations:

     

    Adjusted revenue from fixed income markets fell 12 percent to $2.9 billion - a much better outcome than the drop of 20-25 percent that Chief Financial Officer John Gerspach had braced the market for in May.
    14 Jul 2014, 08:56 AM Reply Like
  • ClarJo02
    , contributor
    Comments (12) | Send Message
     
    Agreed, Wis. Now if only BAC could do as well Wed morn. LOL would then be here.
    14 Jul 2014, 08:57 AM Reply Like
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