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C » Topics » FULL YEAR RECORD INTERNATIONAL REVENUES, UP 15%

This excerpt taken from the C 8-K filed Jan 15, 2008.

FULL YEAR RECORD INTERNATIONAL REVENUES, UP 15%

 

New York, NY, January 15, 2008 — Citigroup Inc. (NYSE:C) today reported a net loss for the 2007 fourth quarter of $9.83 billion, or $1.99 per share.  Results include $18.1 billion in pre-tax write-downs and credit costs on sub-prime related direct exposures in fixed income markets, and a $4.1 billion increase in credit costs in U.S. consumer primarily related to higher current and estimated losses on consumer loans.

For the full year 2007, net income was $3.62 billion, or $0.72 per share.  See Schedule A for full year business segment results.

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