Citigroup earnings miss

Author: Adam Button | Category: News

We’re into the thick of US earnings season now and quarterly reports will skew risk sentiment.

Citigroup, which is a perpetual basketcase and recently announced 11,000 layoffs, earned 69-cents per share compared to 96-cents expected. Legal costs and litigation may have skewed the results so they might not be as bad as they seem.

Bank of America also reported earlier and Intel’s results are after the US close.