Citigroup (C)

Citigroup reported a $0.27 loss beating the consensus $0.38 loss on revenues of $20.4 billion.
Allowances for loan losses has risen to $36.4 billion which is now 5.9% of total loans. CEO Vikram Pandit commented that consumer credit trends are improving in international markets, but noted that the domestic consumer credit environment remains challenging.

Oct 15 · 10:10:00 AM · Source: 24/7 Wall Street
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