Citigroup reported a first-quarter loss that was narrower than analysts expected Friday and said its Tier 1 capital ratio improved dramatically compared with the same period of last year.
Citigroup's [C 4.01 0.04 (+1.01%) ] loss per share was 18 cents in the first three months of the year, compared with a loss of $1.03 a share in the year-ago period.
On average analysts predicted a loss of 34 cents a share.
The bank's Tier 1 capital ratio was around 11.8 percent versus 7.7 percent in the first quarter 2008, Citigroup said in a statement.
Revenue rose 99 percent from the first quarter of 2008 to $24.8 billion, driven by strong results in the Institutional Clients Group, the bank said.
The company said income available to shareholders was lowered by 24 cents a share from the conversion price of the $12.5 billion convertible preferred stock issued in a private offering in January last year.
"This did not have an impact on net income but resulted in a reduction to income available to common shareholders of $1.3 billion or $0.24 per share. Without this reduction, earnings per share were positive," Citigroup said.
Citigroup rose 2.5 percent in pre-market trading
in
http://www.cnbc.com/id/30250580/site/14081545
no premarket ja fez 4.84 e agora esta nos 4.55 (13%)
PS: tenho citigroup