Citigroup Inc reported a 26% drop in fourth-quarter profit on Friday, beating market expectations, however, as strong gains in its investment banking segment offset the hit from higher expenses.
The US banking giant's profit fell to $3.2 billion, or $1.46 per share, for the three months ended December 31, 2021, from $4.3 billion, or $1.92 per share, a year earlier.
Excluding the impact of charges stemming from investment divestitures in Asia, the bank earned $1.99 per share.
(CNA)
CNA - Reuters
Contents of this article including associated images are owned by CNA
Views & opinions expressed are those of the author and/or CNA
Source
