Citigroup Profits Rise 10% in Q2: So Why is its Stock Price Falling?

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Citigroup Profits Rise 10% in Q2: So Why is its Stock Price Falling?

Citigroup’s transformation is heading in the right direction, but it did hit a snag this week. Citigroup (NYSE:C) reported strong second quarter results Friday, with earnings rising 10% year-over-year thanks to a successful effort to reduce expenses. However, despite the better-than-expected earnings and revenue numbers, the share price was down… Continue reading Citigroup Profits Rise 10% in Q2: So Why is its Stock Price Falling?
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