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Citigroup Looked Like A Law Firm In The Fourth Quarter

Citi (NYSE:C) reported fourth quarter earnings back on January 15, 2015 with an earnings per share number of $0.06 that missed analyst estimates of $0.11 on revenue of $17.8 billion versus an expectation of $18.51 billion. The EPS number missed the mark by about 45% while the revenue number missed by about 3.8%. Before I begin to parse an through an income statement, balance sheet, or cash flow statement I like to check out how the segment revenues did and see if there was anything glaring. Citi operates in four different business segments; Global Consumer Banking, Institutional Clients Group, Corporate/Other, and Citi Holdings. Let's begin to dive into the segment revenues to see why Citi missed…