Citigroup Posts Another Loss
Posted on October 17, 2008 at 12:10 PM EDT
Citigroup (C) reported third-quarter results today (Friday) before the bell. After writedowns of $4.4 billion and weak revenues virtually across the board, the bank reported its fourth straight quarterly loss of $2.81 billion, or 60 cents a share. This compares with last year’s third-quarter net income of $2.21 billion, or 44 cents a [...]