The net loss totaled 54 cents per share, and compared with a year-earlier profit of $6.23 billion, or $1.24 per share. Citigroup said its loss from continuing operations was $2.22 billion, or 49 cents per share.
Citi's results had been widely anticipated in markets globally, and the response tothe figures was swift. U.S. equity index futures, which had been lower following a spate of earnings disappointments late Thursday from Google, Microsoft and Merrill Lynch, turned positive, and the dollar strengthened broadly. U.S. Treasury debt prices fell, losing some of the flight-to-safety bid they'd had overnight, pushing the yield on the benchmark 10-year U.S. Treasury note back over 4 percent.