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Daily Digit: Citi's $3.8 Bln Profit

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Daily Digit: Citi's $3.8 Bln Profit
AIRED:
The Daily Digit is $3.8 billion. That's how much Citigroup made in the first quarter. Up 31 percent from a year ago- and better than analysts had expected. The nation's number three bank made $1.23 per share in net profit from 95 cents per share a year earlier. Shares of Citi traded higher on Monday in reaction to the news- the stock is up more than 13 percent this year. Rising home prices helped- the bank was able to cut back on the amount of money it puts aside for bad loans.moreless
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