Wonder if they will miss the 20K I owe them? Wow, 5.44 billion dollars, and they claim them damn people going BK hurt them really bad.
CITIGROUP
Net income for New York-based Citigroup rose to $5.64 billion, or $1.12 per share, from $5.44 billion, or $1.04, a year earlier.
Profit from continuing operations rose 9 percent to $5.56 billion, or $1.11 per share, as revenue rose 5 percent to $22.18 billion.
On that basis, analysts expected $1.02 per share, according to Lehman Brothers Inc. analyst Jason Goldberg. Reuters Estimates said profit excluding items totaled $1.08 per share.
"I'm very, very pleased with our accomplishments and our financial performance," Chief Executive Charles Prince said on a conference call.
International profit rose 47 percent and revenue increased 19 percent, offsetting respective declines of 13 percent and 1 percent in the United States.
Corporate and investment banking profit rose 15 percent to $1.93 billion, and revenue rose 21 percent to $7.28 billion. This helped offset a 4 percent drop in U.S. consumer profit.
Citigroup won a victory this month when the Federal Reserve lifted its year-long ban on big acquisitions, citing the bank's improved internal controls after several regulatory scandals.
Raising standards has been a major focus of Prince, who replaced Sanford Weill as chief executive in October 2003. Weill will retire as chairman at Citigroup's annual meeting on Tuesday, and Prince will replace him.
Citigroup is installing 5,500 automated teller machines in 7-Eleven convenience stores, and recently set up an Internet banking site. While Citigroup plans to expand existing units, Prince said it will also search for "supplemental ... transactions that extend the franchise."
CITIGROUP
Net income for New York-based Citigroup rose to $5.64 billion, or $1.12 per share, from $5.44 billion, or $1.04, a year earlier.
Profit from continuing operations rose 9 percent to $5.56 billion, or $1.11 per share, as revenue rose 5 percent to $22.18 billion.
On that basis, analysts expected $1.02 per share, according to Lehman Brothers Inc. analyst Jason Goldberg. Reuters Estimates said profit excluding items totaled $1.08 per share.
"I'm very, very pleased with our accomplishments and our financial performance," Chief Executive Charles Prince said on a conference call.
International profit rose 47 percent and revenue increased 19 percent, offsetting respective declines of 13 percent and 1 percent in the United States.
Corporate and investment banking profit rose 15 percent to $1.93 billion, and revenue rose 21 percent to $7.28 billion. This helped offset a 4 percent drop in U.S. consumer profit.
Citigroup won a victory this month when the Federal Reserve lifted its year-long ban on big acquisitions, citing the bank's improved internal controls after several regulatory scandals.
Raising standards has been a major focus of Prince, who replaced Sanford Weill as chief executive in October 2003. Weill will retire as chairman at Citigroup's annual meeting on Tuesday, and Prince will replace him.
Citigroup is installing 5,500 automated teller machines in 7-Eleven convenience stores, and recently set up an Internet banking site. While Citigroup plans to expand existing units, Prince said it will also search for "supplemental ... transactions that extend the franchise."
I WIN!!
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