Citi: Consumer Banking, Lower Expenses Boost Earnings
As with other banks, it was hard to get to Citigroup (C) “core” second quarter earnings. Excluding the impact of a debt valuation adjustment (basically Citi’s profit got a boost from the lower value of its debt) and other one-time items, Citi earned 95 cents, 6 cents ahead of expectations. There was, however, some dispute [...]
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