NYSE merger expenses total US$8.4 million
Fund manager raises dividend
Other units compensate for weak trading performance
Provision for credit losses drops to $6 million
Member profits slip
Financial giant Citigroup Inc. reported higher net income, amid terrible capital capital market conditions, in the second quarter. However, results fell short of analyst expectations.The firm reported Q2 net income of US$5.07 billion, an increase from US$1.14 billion in the second quarter 2004. Income from continuing operations was US$4.73 billion, up from $916 million. Analysts […]
Institutional trading declines in second quarter
Second best quarter ever, despite tougher markets