Wednesday, January 20, 2010

Citi reports earnings

Citigroup reported a $7.58 billion loss in the fourth quarter and a loss of 33 cents per share.

"Analyst John McDonald of Sanford C. Bernstein & Co. wrote, "Citi enters 2010 with strong capital and reserve positions, but the company's timeline for a return to profitability" and true earnings power "remain key uncertainties for investors."

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