Citigroup (C) Tops Q1 EPS by 13c

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Bernstein Positive Citigroup (C) Q1 Results

April 16, 2015 10:03 AM EDT

Bernstein analyst John McDonald offered some positive commentary on Citigroup (NYSE: C) following Q1 results this morning. The analyst noted the "robust" beat was driven by strong expense controls and a "blockbuster trading quarter."

The results further validates the firm's "trade to 1x TBV" thesis.

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