Friday, July 20, 2007

WRAPUP 1-Citigroup, Wachovia profits top forecasts

(Reuters) - Profit rose 18 percent at Citigroup, the largest U.S. bank,
and 24 percent at Wachovia, the fourth largest.




Shares of both companies fell, however, as investors
worried that banks would get stuck with more soured consumer
loans or riskier corporate debt on their balance sheets.


Read more at Reuters.com Bonds News

No comments: