Citigroup (NYSE:C) announced that it earned $1.06 per share, beating estimates of 96 cents excluding items. Revenue was $19.4 billion after excluding charges, beating estimates of $18 billion. The company wrote down $4.7 billion after it agreed to sell its portion of the Morgan Stanley (NYSE:MS)/Smith Barney retail brokerage unit for less than it originally estimated. Revenue in the investment bank division declined, while revenue from its stock and bond trading business increased.
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