Monday, July 18, 2005

CITIGROUP MISSES PROFIT GUESS

Citigroup's 2Q Profit Misses EstimatesMon 8:15AM ET - AP

Citigroup Inc., the nation's largest financial institution, reported second-quarter profits below Wall Street's expectations Monday as a result of what CEO Charles Prince called "challenging conditions," including a tough bond market and an interest rate squeeze.

**Enquiring minds think, if this can happen to behemoth Citi, and we heard about VEGA Hedge Fund blowup, what else lurks out there?

Now C missed estimates, but did NOT warn.

Duratek unravel it will I say.

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