Citigroup Inc. (NYSE: C) reported fourth-quarter 2020 earnings results on Friday. Revenues decreased 10% from last year to $16.5 billion.
Net income fell 7% from $4.9 billion to $4.6 billion and earnings per share dropped from $2.15 to $2.08, compared to analysts’ estimate of $1.34 per share.
Michael Corbat, Citi’s CEO, said, “We ended a tumultuous year with a strong fourth quarter. As a sign of the strength and durability of our diversified franchise, our revenues were flat to 2019, despite the massive
the economic impact of COVID-19.”
Citigroup Inc.’s stock closed at $69.01 on Thursday evening, up 3%, but declined on Friday morning.
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