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Citigroup may benefit less from tax cuts than other U.S. banks
January 10, 2017 by elegant · Leave a Comment
Citigroup Inc stands to get less of a profit boost than other big U.S. banks from lower corporate tax rates expected from the new government in Washington. A number of bank stock analysts have worked through broad tax proposals by Republicans and President-elect Donald Trump and estimate that a new tax law could increase Citigroup earnings per share only half as much as some rivals. At the same time, Citigroup may have…
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Citigroup may benefit less from tax cuts than other U.S. banks