Citigroup Earnings Fell 37% to $2.7B In Q2’10

Citigroup (C) posted a $2.7 billion quarterly profit, down 37% y/y, hurt by lower revenue in its investment banking business. The co.’s second-quarter profit came in at 9 cents a share, compared with $4.28 billon, or 49 cents a share, a year earlier.