Litigation Costs Weighs on Citigroup Inc. (NYSE:C) Earnings; Falls Short of Analysts' Forecast - TD, BAP, BSAC

Pompano Beach, FL -- (SBWIRE) -- 01/17/2013 -- No Limit Stocks - NOLIMITSTOCKS.com covers all the latest on up and coming stocks in the market. No limit Stocks team contain experts that study and analyzes the stock market and help individuals break through the limits and make them better & more successful investors.

Citigroup Inc. (NYSE:C), the third-largest US bank by assets, announced a profit rise that was lower than analysts expected as litigation costs increased and benefits from releasing loan-loss reserves dropped.

The New York-based lender announced today in a statement that net income jumped 25% to $1.2 billion in the Q4, or 38 cents per share, as compared to $956 million, or 31 cents, a year before.

Should Citigroup a Buy or Sell Now? Find Out Here

Earnings revised for one-time items counting restructuring expenses were 69 cents per share. Twenty-one analysts polled by Bloomberg projected 96 cents on average, with some objects Citigroup did not include.

So far today, Citigroup Inc. (NYSE:C) shares lost -2.35% to $41.48 while the stock is changing hands within a range of $40.90 – $41.62. In the past year, the stock has traded between $24.61 and $43.25. Its average daily trading volume is 38.08 million shares.

Why Should Investors Buy Citigroup After the Recent Fall? Just Go Here and Find Out

Looking at other stocks in the same industry, Toronto-Dominion Bank, Credicorp Ltd. and Banco Santander-Chile are in the gainers list. Let’s have a quick look on their Market performance.

Toronto-Dominion Bank (USA) (NYSE:TD) shares are up +0.47% to $83.44 while the stock is trading within the range of $83.22 – $83.48 in the current trading session. In the last 12 months, shares have floated between $72.63 and $86.56. This stock, on average, has trading volume of 558,045 shares.

For How Long TD’s Gloss will Attract Investors? Find out via this report

In this session so far, Credicorp Ltd. (USA) (NYSE:BAP) shares moved up +0.93% reaching $158.66. The stock is trading in a range of $157.09 – $159.33. In the last year the stock has moved within a range of $108.63 – $159.33. The Company’s average daily trading volume is 236,476 shares.

What was the Moving Force behind BAP On Bullish Run? Read This Research Report

Another rival company, Banco Santander-Chile (ADR) (NYSE:BSAC), is trending +0.10% higher to $30.28. The stock price is hovering in range of $30.21 to $30.57. In the previous 52 weeks, shares price ranged between $26.00 and $33.96. Their average daily trading volume is 459,082 shares.

Will BSAC Continue To Move Higher? Find Out Here

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