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Why Citigroup Earnings Exceeded Earnings from Bank of America and Chase

Monday, April 19, 2010 - 7:41 PM
Citigroup reported that it earned $4.4 billion in the first quarter, its biggest quarterly profit in almost three years. According to this NYT article:
Citi’s 12 percent return was more than double Bank of America’s meager showing - and at first blush puts crisis-winner JPMorgan’s 8 percent to shame.
The article goes on to describe the reasons why Citigroup did so much better.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634