Citigroup is making money ... sort of?
|This from way back on April 17th. Just stuff I never got to post.|
The first headline of Citigroup (one of the ailing banks that received big bailout funds) boast best quarter since 2007. Woohoo, little excite. That's good news. Then comes another report that they posted losses? Since, I am not financially savvy (so obvious lol when you take into consideration my current financial situation) this had me scratching my head. But the third article clarified. It is a little bit of both. The company is in the black; however they loss on the share price. This is still promising stuff people. I doubt things will get better over night but this is a good sign.
Citigroup Has Its Best Quarter Since Early 2007
Citigroup posts loss, delays exchange offer