Citigroup climbs after beating expectations despite a $22 billion tax hit (C, JPM, WFC, PNC, BAC, COF, STI, KEY, GS, MS, BBT)
|01/16/2018||Posted by BusinessMediaguide.Com under General World News||
- Citigroup‘s stock climbed after reporting strong earnings that beat analysts’ expectations.
- The major banks are expected to post some losses after provisions in the new tax law.
- Shares of the major banks were up in pre-market trading.
- View Citigroup’s real-time stock price here.
Shares of Citigroup jumped 3.10% to $79.22 on Tuesday before the bell after the bank reported earnings that beat Wall Street expectations.
The bank posted adjusted earnings of $1.28 a share, above analysts’ expectations of $1.19 a share. Yet the financial institution booked a one-time, non-cash charge of $22 billion, or $8.43 per share, due to the read more >>>