Citigroup First Quarter Results Beat Estimates

Citigroup has reported consolidated net revenues of $20.12 billion for first quarter FY14, which is a 2.2% fall year over year but 3.7% better than analysts’ estimates of $19.39 billion.

 

Citigroup reported net income of $4.1 billion for the quarter, a 3.6% improvement year over year.

 

Citigroup’s net interest margin expanded 4 basis points to 2.9% during the quarter.!!

 

Day trading is not an option for me, and therefore I leave companies like this out. Think about it people! Remember the recession and how many stocks went under? I am always an investor, whether bear or bull market, but CITI made headlines guys! It was the stock that was about to tank. Now I would have dipped my hand in the honey well on the way up from a dollar a share for sure. But, I definitely wouldn't be interested in touching it with a ten foot pole right now! The card has been played. Anyone talking about CITI should have long taken a little profit and put their money in a company they can count on!