Earnings Confound The Street--Citi and GE's mixed reports leave investors cautious.

Forbes ^ | April 17, 2009 | Carl Gutierrez

[Scanian]

Citigroup posted a smaller-than-expected loss thanks to cost-cutting and improved investment banking. Still there were missing details and the report left questions open like when will Citi be ready to repay its bailout funds to the government and are its taxpayer supported profits from this quarter sustainable? (See "Citi Profits, For Now.")

Wall Street was unimpressed with Citigroup and the stock fell 1.5%, or 6 cents, to $3.94, in midday trading. The past 12 months have been unkind to the New York-based firm, whose seen its market value sink no less than 84.3%.

Meanwhile, General Electric ( GE - news - people ) performed better than the Street had anticipated, but its first-quarter earnings fell by more than a third (year over year), due to weakening sales and a sharply lower profit at its problematic finance arm, GE Capital

[Scanian]

Improved earnings made possible, of course, by the magic touch of the Magic Negro(s/o)

[org.whodat]

All that is need is a few billionTrillion tax payers dollars, buying your bad paper and presto you made money out of toilet paper.

[LomanBill]

And in other news, the Chocolate ration will be increased to 28 from 45.

Citizens please take note.

[LomanBill]

 

Hi guys, thanks for looking. 

 

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"Abdulah you idiot, I can't believe we ate the whole thing!"

 

Plop plop fiz fiz, predators.