Citigroup Posts a Mixed Q4

Citigroup Posts a Mixed Q4

Citigroup's (NYSE: C) first earnings release of 2021 -- published on Friday morning -- was a combination of encouraging and discouraging developments, perhaps leaning a bit more toward the latter. For its Q4 of fiscal 2020, the bank earned just under $16.5 billion in revenue, which was down from the $18.4 billion in the same quarter the previous year. Net income, like revenue, also declined, landing at $4.6 billion ($2.08 per share) versus Q4 2019's $5.0 billion.