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C » Topics » FULL YEAR 2008 REVENUES OF $52.8 BILLION, NET LOSS OF $18.72 BILLION

This excerpt taken from the C 8-K filed Jan 16, 2009.

FULL YEAR 2008 REVENUES OF $52.8 BILLION, NET LOSS OF $18.72 BILLION

 

New York, NY, January 16, 2009 — Citigroup Inc. (NYSE: C) today reported a net loss for the 2008 fourth quarter of $8.29 billion, or $1.72 per share, based on 5,347 million shares outstanding.  Revenues of $5.6 billion were affected by write-downs and losses in Securities and Banking.  Results also include $6.1 billion in net credit losses and a $6.0 billion net loan loss reserve build.

 

For the full year 2008, Citigroup reported a net loss of $18.72 billion, or $3.88 per share.  See Schedule C for full year business segment results.

 

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