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Citigroup Reports Earnings Below Long-Term Pivots

Citigroup Inc. ( C) is the fourth largest of the four "too big to fail" money center banks and has total assets of $1.398 trillion at the end of Q2, down from $1.407 trillion in Q1 2018. This continues a troubling trend in which the nation's biggest banks are reducing lending. Citigroup shares closed Wednesday, Oct. 10, at $69.95, down 6% year to date and in correction territory at 13.3% below the 2018 high of $80.70 set on Jan. 29.