Citigroup Profit Drops 46%. But the Stock Rises as Earnings Top Forecasts. - Barron's

Trading revenue in the first quarter at Citigroup declines slightly. The bank also posts a 32% drop in investment banking and corporate lending revenue.

Citigroup posted a 46% drop in profit for the first quarter but its financial results still topped analysts estimates. The bank posted earnings of $2.02 a share on $19.2 billion of revenue, well ahe… [+262 chars]

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