Citigroup

Citigroup: Stock Undeterred by a Hefty Tax Charge of $22 Billion

Citigroup: Stock Undeterred by a Hefty Tax Charge of $22 Billion As a global banking leader for more than 20 years, Citigroup, Inc. (NYSE: C) posted a net income (on an operating basis) of $15.8bn in 2017 with an EPS of $1.28, 12% higher from 2016. This was the first time since the financial crisis of 2008 where earnings are more than their expectations. The stock rallied to an all-time…