Citigroup’s first-quarter earnings fell 46%

Citigroup Inc.’s first-quarter profit fell 46%, driven by higher expenses and potential losses from its exposure to Russia.

Earnings fell to $4.31 billion, or $2.02 per share, from an analyst forecast of $1.43 per share. A year ago, Citi posted earnings of $7.94 billion, or $3.62 per share.


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