15.04.2016 - Citigroup's net profit amounted to 3.5 billion dollars
Citigroup today reported its results for the first quarter of 2016. Thus, the net profit totaled 3.5 billion dollars, which is significantly less than the 4.8 billion dollars for the same quarter of 2015. Revenue also fell to 17.6 billion dollars against 19.7 billion a year ago. The company said that despite the volatility in the first quarter, was able to expand the amount of the deposit and credit portfolios. Given the instability on the financial markets, we expect a decline in the company's share of 10-15% in the coming months.