Citigroup (NYSE:C) posted a mixed fourth quarter, with earnings beating expectations but revenue missing estimates on Wednesday.
The bank reported fourth-quarter revenue (net of interest expense) of $19.87 billion, up 2% year over year but below the analyst consensus of $20.53 billion. Excluding divestiture-related impacts tied to the planned sale of AO Citibank in Russia, revenue increased 8%.
Net income declined 13% year over year to $2.5 billion, reflecting a $1.1 billion after-tax loss related to the Russia exit. Adjusted net income totaled $3.6 billion, while adjusted earnings per share …
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