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Citigroup wants 90% of its US branches in these seven citiesCitigroup posted fourth-quarter results today.
Updated July 21, 20221 min read
Citigroup posted fourth-quarter results today.
Target is leaving Canada.
Bank of America posted fourth-quarter results today.
The numbers: Steady. Wells Fargo notched a profit of $5.7 billion in the fourth quarter, up 2% from $5.6 billion the prior year. Revenues rose 4% to $21.4 billion.
The numbers: Crummy. Profits fell 6.6% to $4.93 billion in the fourth quarter, compared to the prior year. The bank shelled out more than expected to pay for legal costs and socked away larger-than-expected reserves for loans that could go bad. Revenue dropped 2.8% to $22.51 billion.