News Headline Summary

Citigroup (C) Q4 EPS ex-items USD 0.69 vs. Exp. USD 0.96

- Q4 revenue USD 18.66bln vs. Exp. USD 18.92bln
- Q4 net interest margin expanded to 2.93%
- Q4 net credit losses declined 25% (USD 3.1bln)
- Q4 loan loss reserve release of USD 86mln
- Estimate Basel III tier 1 common ratio 8.7%
- Q4 inclu. USD 305mln settlement
- Q4 inclu. USD 1.3bln in legal and related expenses
- Q4 CVA/DVA was a negative USD 485mln

Reaction details (13:04)

- Co. are seen down initially 1.2% in pre-market trading.

17 Jan 2013 - 12:59 - Equities - Source: Newswires

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