Citi beats expectations after loss on brokerage

Citigroup said it beat Wall Street predictions for quarterly earnings after stripping out a big loss on its retail brokerage and other one-time charges. Net income was $3.3 billion, or $1.06 per share, beating the 96 cents predicted by analysts polled by financial data provider FactSet.

This article requires free registration

This article requires free registration to Daily Business Review. Please sign in or register to read the full text.