Author: Finance Statement

  • Citigroup Posts Better than Expected Income, Assets Perform Better

    14 April 2014 – Beating the expectations of the Wall Street, Citigroup posted its better-than-expected first quarterly earning reports. Its first quarter net profit rose to $4.15 billion which is $1.30 a share from $2 billion. Wall Street market analysts had expected a net earning of $1.14 a share from Citigroup, US’s third largest bank.…

  • Gold Holds Steady, Averts Rate Hike Fears

    Friday trading hours saw gold trading at its highest in 2-1/2 weeks, setting the platform for making this week, the best one in the whole month. Gold has been spot on in making the best out of this ongoing week, riding on weaker equities and the growing chances of the Federal Reserve holding off its…