Citi had losses for the first quarter of just under $1 billion, beating expectations. Those are some pretty low expectations. I'm sure my dog could run successful company if the expectations were simply NOT TO LOSE $1 billion per quarter.
General Electric's earnings were off 36 percent but they beat expectations as well, a much more respectable performance. GE has more than doubled after it hit a 52-week low of $5.87 in March. If the worst is behind GE, it's starting to look like a great long term play with a great yield. If you're young, buy some.
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