With Solid Profits, Citigroup Is Righting the Ship

Financials sector earnings have been mixed so far. Decent numbers were reported by JPMorgan Chase & Co. (JPM, Financial), while Bank of America Corp. (BAC, Financial), Wells Fargo & Co. (WFC, Financial) and Citigroup Inc. (C, Financial) dealt with their own issues. Overall, the financials sector is expected to report a 1.8% decline in operating profits compared to year-ago levels – that would be below the S&P 500's 2.1% earnings per share climb. Volatile interest rates, weak capital market activity and conc ...