Citigroup earnings miss

We’re into the thick of US earnings season now and quarterly reports will skew risk sentiment.

Citigroup, which is a perpetual basketcase and recently announced 11,000 layoffs, earned 69-cents per share compared to 96-cents expected. Legal costs and litigation may have skewed the results so they might not be as bad as they seem.

Bank of America also reported earlier and Intel’s results are after the US close.

Author: Adam Button

Adam Button is the editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes deeply in the value of knowing every tidbit of news. He has a background in journalism and was formerly the head of the markets team at the Canadian Economic Press. He is a graduate of Ryerson University and completed Level 1 of the CFA program. Adam lives in Montreal, follow him on Twitter: @FX_Button.

4 Comments

  1. Not sure what BOA results were, but they seem to be paying record fines as well. Though considering what they have done, they’re getting off easy. Bankers got the regulators in their pocket.

  2. Bank of America beat on the bottom line but revenue was light… it’s all in the accounting.

  3. Saw Chase was paying only $11.5 million to Dimon this year. That is a real joke on the stock holders. LOL

  4. ‘only’

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