December 25, 2024

MediaBizNet

Complete Australian News World

Citigroup profits fell 36%

Citigroup profits fell 36%

Citigroup had a rocky second quarter. Here are the highlights:

Earnings fell 36% to $2.92 billion, or $1.33 per share. Analysts expected $1.31.

Revenue fell 1% to $19.44 billion. Analysts expected $19.34 billion.

And in the institutional customer group, which includes investment banking and trading, revenue fell 9% to $10.44 billion.

Trading revenue fell 13%, with fixed income trading down 13% and equities down 10%.

In investment banking, which includes merger fees and the sale of corporate equity and debt, revenue fell 24% to $612 million.

Its banking business for major corporations around the world and helps them move money around, continued to benefit from increased interest rates and cash flows, with revenue up 15% to $3.5 billion.

In the consumer bank and wealth management unit, revenue rose 6% to $6.4 billion.

A measure of profitability focused on by Citi investors, the return on tangible common stock fell to 6.4% from 11.2% a year ago..

Expenses rose 9% to $13.57 billion, in part due to an increase in severance pay after job cuts.

Results have been dented by fees from consumer companies leaving Citigroup around the world, including Mexico. Excluding those fees, Citigroup said it would have earned $1.37 per share.

yowamushi pedal hentai xyzhentai.com marron marron hentai 9 hentai savehentai.info hroz hentaifox بينيك مرات ابوه arabicpornmovies.com نيك غصب love chunibyo and other delusions hentai hentaiquality.com anime porn' imbestigador july 2 2022 pinoyfilms.net live kumu www indian anti sex com alohaporn.me indian mms clips www.brazzer hd videos rajwap.biz vitya sipsons hentai hentairips.com hrntai comic giantess anime hentai hentaiceleb.com elf no yomeiri answer to 4 pics 1 word teleseryestv.com taiwan lotto result 6/49 الراقصة كاميليا سكس luksporno.net افلام سكس ايطالي аска хентай hentaimage.net mercy hentia hot tv actress indian mochito.mobi wwe girls fight hot boobs massage pornoguru.info human digest.com جنس شرجى rjvend.com سكس الراقصة شمس