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Author Message   Lolakulu Kurra Bewarse Username: Lolakulu Post Number: 1523 Registered: 05-2017 Posted From: 24.183.83.206 Rating: N/A Votes: 0 Posted on Tuesday, July 14, 2020 - 9:04 pm:    ""Profits for Citigroup (ticker: C) totaled $1.3 billion, or 50 cents a share—better than the 35 cents a share analysts expected, but 73% below profits of $4.8 billion in the second quarter of 2019."" ""Earnings per share fell 74% to $0.50. "" ""Earnings were hurt by a huge spike in allowance for credit losses (ACL), reflecting the company's deteriorating macroeconomic outlook and downgrades in the corporate loan portfolio "" https://www.fool.com/investing/2020/07/14/citigroup-earnings-fall-on-higher-cred it-allowance.aspx https://www.marketwatch.com/story/citigroup-profit-falls-sharply-but-beats-analy st-estimates-2020-07-14?siteid=yhoof2&yptr=yahoo