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citigroup [33] |||warned on Monday that it expects third quarter net income to drop by 60 per cent

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Citigroup says quarterly profit to plunge 60 pct (Reuters)

Mon, 1 Oct 2007 12:24:32 GMT | Yahoo! Finance

Citigroup , the largest U.S. bank by market value, said on Monday its third-quarter net income will drop 60 percent on turmoil in the subprime and leveraged loan markets, as well as weakness in its consumer business.


Citigroup warns of 60% drop in earnings (at FT.com)

Mon, 1 Oct 2007 12:15:17 GMT | Yahoo! Finance

Citigroup warned on Monday that it expects third quarter net income to drop by 60 per cent because of the credit turmoil over the summer, but said it would return to "normal" earnings next quarter.


Big writedowns to slash Citigroup's quarterly profit 60% (at MarketWatch)

Mon, 1 Oct 2007 11:35:00 GMT | Yahoo! Finance

Citigroup Inc said Monday it expects third-quarter profit to fall 60% from last year after huge writedowns for unsold debt it issued to finance corporate takeovers and big losses on the value of subprime mortgage-backed securities.


Rating Agencies Affirm Citigroup Ratings (AP)

Mon, 1 Oct 2007 15:18:23 GMT | Yahoo! Finance

Credit-rating agencies Fitch Ratings and Standard & Poor's said Monday they have affirmed Citigroup Inc.'s credit ratings.


Citigroup Sees 3Q Earns Down 60 Percent (AP)

Mon, 1 Oct 2007 15:08:33 GMT | Yahoo! Finance

Citigroup Inc. estimated Monday that its third-quarter profit will drop 60 percent, as the nation's largest bank took losses of more than $3 billion after writing down securities backed by underperforming mortgages and loans tied to corporate buyouts.


Citigroup says quarterly profit to plunge 60 pct (Reuters)

Mon, 1 Oct 2007 15:03:01 GMT | Yahoo! Finance

Citigroup , the largest U.S. bank by market value, said on Monday its third-quarter net income will drop 60 percent on losses and writedowns stemming from subprime and leveraged loan woes, fixed income trading, as well as weakness in its consumer business.


Citigroup warns on profits

| Findory News

Telegraph: Citigroup, the biggest US bank, said third-quarter profit fell about 60pc because of "weak" credit markets and losses on leveraged loans and mortgage-backed securities.


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