Citigroup: Q4 Earnings Snapshot

NEW YORK (AP) _ Citigroup Inc. (C) on Friday reported fourth-quarter earnings of $3.14 billion.

The New York-based bank said it had earnings of $1.46 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.

The U.S. bank posted revenue of $19.03 billion in the period. Its revenue net of interest expense was $17.02 billion, which missed Street forecasts. Nine analysts surveyed by Zacks expected $17.06 billion.

Citigroup shares have climbed 12% since the beginning of the year, while the S&P's 500 index has risen 24%. The stock has increased slightly more than 1% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on C at https://www.zacks.com/ap/C

Salem News Channel Today

On-Air & Up next

  • Dennis Prager
    1:00PM - 3:00PM
     
    Broadcasting from his home station of KRLA in Los Angeles, the Dennis Prager Show is heard across the country. Everything in life – from politics to religion to relationships – is   >>
     
  • America First
    3:00PM - 4:00PM
     
  • SEKULOW
    4:00PM - 5:00PM
     
  • Cats and Cosby
    5:00PM - 6:00PM
     
  • The Arthur Aidala Power Hour
     

See the Full Program Guide