Citigroup reports $18.7b revenue in Q2
FE Report | Sunday, 20 July 2008
Citigroup Inc. (NYSE:C) Friday reported second quarter revenues of US$ 18.7 billion.
However, Citi reported a net loss for the 2008 second quarter of $2.5 billion, based on 5,287 million shares outstanding (1) Solid results in the core franchise were offset by write-downs and credit costs.
Results improved substantially versus first quarter 2008 due to lower write-downs and good performance in the core franchise.
However, Citi reported a net loss for the 2008 second quarter of $2.5 billion, based on 5,287 million shares outstanding (1) Solid results in the core franchise were offset by write-downs and credit costs.
Results improved substantially versus first quarter 2008 due to lower write-downs and good performance in the core franchise.