Citigroup Stock Slides After Q4 Earnings Beat As JPMorgan Weighs

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The Street

By Martin Baccardax Citigroup posted solid fourth quarter earnings Friday, but was dragged down by a mixed report from its larger rival JPMorgan. Citigroup (C) – Get Citigroup Inc. Report posted stronger-than-expected fourth quarter earnings Friday, as the bank followed its larger rival, JPMorgan (JPM) – Get JPMorgan Chase & Co. Report, in booking huge increases in investment banking fees. Citigroup said earnings for the three months ending in December were pegged at $1.46 per share, down 29.8% from the same period last year but well ahead of the Street consensus forecast of $1.39 per share. C…

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