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Citi beat on earnings ? but the stock is getting slammed
Citi beat on earnings ? but the stock is getting slammed
Portia CroweJan 15, 2016, 21:52 IST
CEOs arrive at the White House in Washington, October 2, 2013, for a meeting of the Financial Services Forum with U.S. President Barack Obama. Pictured (L-R) are Michael Corbat, CEO of Citigroup, Brian Moynihan, CEO of Bank of America, Jay Hooley, chairman of State Street Corporation, and Gerald L. Hassell, chairman and CEO of The Bank of New York Mellon.REUTERS/Jason Reed
Citi reported fourth-quarter earnings on Friday that beat on the top and bottom lines - but the stock has been down all day nonetheless.
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Around 12:30 p.m. on Friday, the stock was down about 7.5%.
Markets in general are down Friday, but Citi has dropped much more significantly than the other major Wall Street banks.
