Finally, we can all breath a little easier. Citigroup’s Earnings Rose 30% in 1st Quarter

[Scuba]

http://dealbook.nytimes.com/2013/04/15/citigroups-earnings-rose-30-in-first-quarter/

8:34 a.m. | Updated

Citigroup on Monday reported first-quarter profit of $3.8 billion, or $1.23 a share, exceeding analysts’ estimates, as the bank continued to sharply reduce costs and unload troubled assets.

The bank also reported higher revenue of $20.5 billion, buoyed by continued gains in its investment banking business and strong loan demand.

In the lead up to the release of bank’s quarterly earnings, analysts had estimated the bank would post earnings of $1.18 a share on revenue of $20.17 billion, according to a survey by Thomson Reuters. Adjusted for certain charges, the company reported a profit of $4 billion on revenue of $20.8 billion in the first quarter.

In other news, pensioners must now substitue "pink slime" for any meat products they were previously consuming.

[n2doc]

1. Next up- Bonus Time!

Followed by "Buy more Mansions and Art" time and "Bribe more Politicians" time. And "Whine about how unfair people are to us" time.