Citigroup profits for the first time since pandit took up....
Citigroup Inc, once the largest bank in the wold has finally posted profits under the new CE) Pandit for the first time since the last 5 quarters(3 of Pandit). The news comes shortly after JPMorgan announced a profit oon thursday that it earned $2.14 billion for the January-March period. Both the results were recieved by the markets as better than expected. JPMOrgan chief says that the bank sees a brighter hope of repaying the 25$ billion of funding that it got from Uncle Same.
Whereas Last week, Wells Fargo & Co. surprised investors by announcing a record $3 billion quarterly profit. Goldman, meanwhile, on Monday said it earned $1.66 billion during the first three months of the year.
But still visible lights at the end of the tunnel doesn't mean that the tunnel is over. The "Bad Times" are still gone.
Was Going throuh the last edition of Businessworld today and saw some writer(Don't remebr the name) telling that at present some things are going rite, while some are going wong but nothing can be said as yet. We need to watch and wait (the latter for sure.)
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