{"id":39980,"date":"2021-01-15T17:42:05","date_gmt":"2021-01-15T13:42:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=39980"},"modified":"2021-01-15T17:42:09","modified_gmt":"2021-01-15T13:42:09","slug":"citigroups-quarterly-earnings-declining-but-better-than-expectations","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/citigroups-quarterly-earnings-declining-but-better-than-expectations\/01\/15\/market-updates\/","title":{"rendered":"Citigroup&#8217;s Quarterly Earnings Declining But Better Than Expectations"},"content":{"rendered":"\n<p>Citigroup&#8217;s profits declined 7% in Q4 of 2020, but were much better than Wall Street analysts&#8217; expectations, as the improved economic outlook allowed it to release cash that it had previously allocated for bad loans.<\/p>\n\n\n\n<p>The New York-based bank reported net profits of $4.63 billion, or $2.08 per share, down from $5 billion, or $ 2.15 per share, a year ago.<\/p>\n\n\n\n<p>The average expectation was that the bank would make a net profit of $1.34 per share, according to Refinitiv data.<\/p>\n\n\n\n<p>Bank-wide revenues also decreased by 10% to $ 16.5 billion, lower than estimates of $ 16.7 billion.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup&#8217;s profits declined 7% in Q4 of 2020, but were much better than Wall Street analysts&#8217; expectations, as the improved economic outlook allowed it to release cash that it had previously allocated for bad loans. The New York-based bank reported net profits of $4.63 billion, or $2.08 per share, down from $5 billion, or $ &hellip;<\/p>\n","protected":false},"author":9,"featured_media":39981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7295],"class_list":["post-39980","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-citigroup"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=39980"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39980\/revisions"}],"predecessor-version":[{"id":39983,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39980\/revisions\/39983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/39981"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=39980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=39980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=39980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}