Citigroup’s First Quarter Earnings Improved By Cost Cutting

April 17, 2015 6:01 PM

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Major U.S banks have released their first quarter earnings this week, with Wells Fargo & Co, and JP Morgan Chase & Co. announcing their first quarter earnings yesterday.

Citigroup Inc. released its first quarter results for the year 2015 before the stock markets opened. The bank’s first quarter results surprised analysts and investors. Its stock prices increased as investors watched the results closely.

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