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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Citigroup Inc | NYSE:C | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.19 | 0.30% | 63.59 | 63.965 | 63.23 | 63.56 | 8,322,394 | 00:39:07 |
From May 2019 to May 2024
By Telis Demos
Citigroup Inc. said its fourth-quarter profit surged from a year ago, when it took a large write-down related to changes in the U.S. tax code.
Net income was $4.3 billion, versus a loss of $18.9 billion a year ago, and earnings per share were $1.64. Analysts polled by Refinitiv expected $1.55 a share.
The bank overcame a difficult quarter for the trading business, due to a volatile December marked by many clients stepping away from the market.
Overall revenue at the bank was $17.1 billion, down 2% from a year ago.
Still, profit grew thanks to a lower overall tax rate and a 4% drop in expenses from a year earlier, to $9.9 billion.
Write to Telis Demos at telis.demos@wsj.com
(END) Dow Jones Newswires
January 14, 2019 08:16 ET (13:16 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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