Morning Scan: Earnings Season Continues

Receiving Wide Coverage ...

Citigroup Earnings: Citigroup became a bit of a megabank outlier this morning when its fourth quarter earnings "failed to live up to Wall Street's expectations." The bank reported that net income more than doubled to $2.69 billion from $1.2 billion this quarter last year, but missed analyst estimates ("by about 9%," according to the Journal). The miss was attributed to a slump in mortgage banking and fixed-income trading. Wells Fargo and JPMorgan...