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Citigroup shares fall over forecast on write-down
NEW YORK (AP) — Shares of Citigroup Inc. fell Friday after a CLSA analyst issued a note forecasting the bank would write down as much as $10 billion in its fourth quarter.
Citigroup stock fell 28 cents, or 6.5 percent, to $4.03, in afternoon trading.
In a note to investors, CLSA analyst Mike Mayo said he expects the bank to write down $10 billion in deferred tax assets.
Deferred...
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