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Tag: loan-loss reserves

Activity, Investment Banking

Citigroup beats analysts’ profit estimates as bank releases money set aside for loan losses

January 15, 2021

Via: CNBC

Citigroup on Friday posted fourth-quarter results that beat analysts’ estimates for profit as the firm joined rival JPMorgan Chase in releasing reserves for loan losses. Citigroup said earnings fell 7% to $4.63 billion, or $2.08 a share, compared with the […]