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Citigroup Earnings Plunge 60% on Subprime Woes

Company will be latest victim of market turmoil when it reports

By Kevin Spak, Newser Staff

Posted Oct 1, 2007 10:53 AM CDT

(Newser) – Citigroup is the latest big-name victim of the subprime crash, the company announced today, warning of a 60% third-quarter earnings drop. Full earnings will be out Oct. 15, but it appears net income will drop to $2.2 billion from the $5.51 billion reported... Read full story »

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Citigroup Earnings Plunge 60% on Subprime Woes

Company will be latest victim of market turmoil when it reports

Citigroup • subprime mortgages • stocks • earnings reports • banking

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