Citigroup Beats 1Q Expectations

The economy must be getting better if even whipping boy Citigroup can beat expectations, right? Citigroup beat first quarter projections, though the company still lost $966 million dollars—a loss of 18 cents per share. Analysts were predicting, however, a loss of 34 cents per share. It’s Citigroup’s “smallest quarterly loss since 2007,” which means it should be able to return to private jets and luxurious executive suites any day now.