* -$0.26 vs. -$0.13 EPS LPS
* Large and incensing provisions, but lower than at JPM

Citi looks even worse after this.

Press release.

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A wave of reckless optimism has taken over the financial world. We saw new highs in U.S. equities yesterday and European today. As I wrote before “better taken expected” has taken over the investor hart and souls. It doesn’t feel rational for me so I will pass on being long for the time being.

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