BofA/Merrill Lynch Lowered PT, Estimates on Citi (C); Says Stock Can Still Work
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Citigroup (C) Misses Q4 EPS by 3c
January 15, 2015 7:59 AM EST(Updated - January 15, 2015 8:01 AM EST)
Citigroup (NYSE: C) reported Q4 EPS of $0.06, $0.03 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $17.8 billion versus the consensus estimate of $19.22 billion.
CVA/DVA4 was $7 million ($4 million after-tax) in the fourth quarter 2014, compared to negative $164 million (negative $100 million after-tax) in the prior year period. Fourth quarter 2013 results also included a $189 million after-tax benefit related to the divestiture of Citis Credicard business in Brazil and a $235 million after-tax charge related to the net fraud loss in Mexico.5 Excluding CVA/DVA and the items in... More
