(NYSE: C) released its earnings today and the results aren't pretty. Revenue estimates were right on par. The average estimate was $18.82 billion for the quarter, Citi hauled in $18.2 billion -- virtually in line. However, earnings were far below expectations. The average estimate for earnings per share was $0.96, but the New York financial giant posted only $0.76 (including various charges). Also, the company finished less profitable in 2012 than in 2011. Citi reports an annual net income of $7.5 billion, down $3.6 billion from last year. Still, the news isn't all bad. The company reported a net income of $1.2 billion for the fourth quarter, up from $956 million in the same period of 2011. Meanwhile, Bank of America
(NYSE: BAC) dropped a bit during the quarter from a year-over-year standpoint. After finishing the fourth quarter of 2011 with a net income of $2 billion, ...
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