INTERNATIONAL STRENGTH: Citigroup's international reach came in handy as rival banks in Europe dealt with the debt crisis there. Citi's international transaction services posted record quarterly revenue of $2.7 billion, up 7 percent from a year ago.

ACCOUNTING CHARGE: Citi made $2.9 billion in the first three months of the year, or 95 cents per share, which includes a $1.3 billion accounting charge that Citi took because the value of its debt increased. Without that charge, its earnings per share would be $1.11, which beat estimates of $1.01 among analysts surveyed by FactSet, a provider of financial data.

DEPOSITS VS. LOANS: John Gerspach, Citi's chief financial officer, said that roughly 26 percent of the bank's balance sheet was now in cash or similar investments rather than earning income from loans.




TOWNHALL MEDIA GROUP