Citi’s ‘Very Disappointing’ Quarter Results in Net Loss; Stock Rises

Citi’s ‘Very Disappointing’ Quarter Results in Net Loss; Stock Rises

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CEO Jane Fraser also said the company made substantial progress simplifying Citigroup in the quarter. (Lauren Justice/Bloomberg) Citigroup reported a net loss for the fourth quarter of $1.8 billion, amounting to a loss of $1.16 a share. The loss comes after Citigroup previously disclosed a litany…

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