For the quarter Citigroup lost 54 cents a share or 2.5 billion dollars. The stock jumped on the news and is prompting people to say that this is the early beginnings of a recovery, considering Citigroup lost 5.1 billion dollar last quarter. Confirming Citigroups indication that we will see losses through 2010, JP Morgan reports that their holdings report 30 day delinquencies have risen from about .75% to just under 4% today year over year.
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