16.04.2015 - Citigroup reported for the first quarter
Today is the third largest bank in the United States Citigroup reported results for the first quarter of the year according to which the profit was 4.77 billion, or $ 1.51 per share. For the same period in 2014 the bank received 3.94 billion dollars or 1.23 dollars per share. Revenues decreased to 19.74, which is less than the expected 19.82 billion dollars. We expect the company's quotes will not show significant growth until the end of the year and we do not recommend to include the bank's shares in the medium and long term investment portfolios.