The Word on The Street….
Various Data out today Including US Industrial Production. After Trump’s first year will the data reflection his 3% growth prediction for ’18 ? major Banks releasing Q4 earnings including Goldmans and Bank of America with Morgan Stanley due on Thursday………..Citibank results as follows
“Citigroup has taken a $22bn hit following the recent changes to the US tax code, sending it to a $6.2bn annual loss – the first since 2009.
The firm took the one-off change in the final quarter of 2017, resulting in a $18.3bn loss.
Despite the loss, chief executive Michael Corbat said the tax reform pointed to a rosier future for Citigroup.” (BBC News)