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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 850 |
Essay's paper body
economy and corporate bottom lines. This week marks the first of the two biggest weeks for posting first-quarter results -- and the first earnings news that came Monday appeared encouraging.
Citigroup (C: up $0.58 to $37.93, Research, Estimates), the nation's largest financial conglomerate, reported first-quarter results that were ahead of expectations and also showed improvement from a year earlier...
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Its stock gained about 1.5 percent.
FleetBoston (FBF: up $0.45 to $25.54, Research, Estimates), the seventh-largest U.S. bank, saw its profit continue to shrink in the first quarter as it struggled to refocus on the consumer part of its business. Still, the results matched expectations and investors appeared to like what they saw, also lifting the stock about 1...
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