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dDT

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dDT

Re: dDT post# 550196

Thursday, 10/30/2014 4:38:39 PM

Thursday, October 30, 2014 4:38:39 PM

Post# of 648882
C
Another black eye for Citi: Legal issues force cut in Q3 earnings

Citing "rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters," Citigroup (NYSE:C) boosts Q3 legal accruals by $600M, thus cutting previously-reported income for the quarter to $2.839B.
Income from continuing operations is cut to $0.88 from $1.08, and the efficiency ratio deteriorates by 300 bps to 66%.
The Tier 1 Capital ratio falls 8 bps to 11.43%, and tangible book value per share slips to $57.53 from $57.73.
Source: Press Release
The stock's lower by 1.2% AH.

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