15.07.2016 - Quarterly results of Citigroup pleased investors
American corporation Citigroup reported on the results for the 2nd quarter of this year. The company's profit fell to 4.0 billion dollars against 4.65 billion a year ago. We recall that the profit in the 1st quarter of this year totaled 3.5 billion. Revenue fell by 8% to 17.55 billion dollars against forecasted 17.47 billion dollars. It is worth noting that the bank has a significant presence in the emerging markets, which is a risk for investors, but at the same time gives a significant potential for growth. We expect continued growth of stocks in the near future by 10-12%.