Citigroup’s Net Income Falls 2%

http://dealbook.nytimes.com/2012/04/16/citigroups-first-quarter-net-income-falls-2/?hp

Citigroup reported better-than-expected earnings on Monday, driven by steady demand for loans from consumers and businesses and an improving economic condition in the United States.

The New York based bank reported that net income was down 2 percent to $2.9 billion, or 95 cents a share. Total revenue was $19.4 billion, down 2 percent from a year ago.