Balanced News: : Citi net income falls but beats target, shares dip

Citigroup Inc. C, +0.78% shares fell 2.4% in premarket trades on Friday after the bank posted lower profit. Fourth-quarter net income fell to $2.5 billion, or $1.16, from $3.2 billion, or $1.46 a share, in the year-ago quarter. Analysts were looking for earnings of $1.14 a share, according to a survey by FactSet.