(Boursier.com) — Citigroup drops 4% before the stock market on Wall Street, while the American bank has just reported a 26% decline in its quarterly profits. For the fourth fiscal quarter, earnings per share were $1.46, while revenues totaled $17 billion (+1%). Revenues are above market expectations. Quarterly profit was $3.2 billion, compared to $4.3 billion a year earlier. Investment banking revenue was better than expected at $1.85 billion. Adjusted earnings per share came in at $1.99, above expectations.
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