Citigroup Outperforms JPMorgan in Investment Banking

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HFA Staff
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Citigroup Inc. (NYSE:C) released its earnings earlier today for the first quarter of 2012. The firms earnings were down below what analysts had expected, at $0.95 versus forecast $1.01, but the market’s response to the release has been a positive one. As of writing the company’s stock was up 1.71% to $33.98. Some of the positive effect can be explained by the poor Friday the company suffered seeing today as a rebound from the 3.51% fall last week. There were also some other good indicators in the company’s data. Revenue and earnings per share were well up from the last…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.