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$3.3B profit for JPMorgan

JPMorgan Chase reported a $3.3 billion profit for the first quarter Wednesday, even as its results were tempered by ongoing losses in consumer loan portfolios.

 

Citigroup announces $7.6-billion loss in fourth quarter

Citigroup's decision to finish repaying TARP funds in December is a major reason for the quarterly loss and its $1.6-billion loss for the year.

Citigroup had its worst quarter of 2009, losing $7.6 billion in the final quarter of the year, or 33 cents per share, due in large part to the company's swift push to leave the government's Troubled Asset Relief Program.

 

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