implode-explode.com - Implosion News Pick-ups: Citigroup's Tax Benefit, at $55 Billion and Rising, Raises Questions and Causes Concerns

Citigroup (C_) investors and analysts are narrowing their focus on the bank's massive deferred tax asset (DTA), which is growing despite three consecutive years of profits.
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The DTA reflects losses and other deductions that get converted to tax credits. However, Citigroup must generate sufficient profits to make use of the credits before they expire, an issue causing anxiety among some followers of the stock.

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Relevant: Profits in U.S. Probably Fell Again, Led by Citigroup Citigroup and BofA Report Profits, Aided by Asset Sales The Bank Profits That Weren’t Less Than Meets The Eye at Citigroup, Goldman Citigroup (C) To Repay Government, But Payment May Come Too Early	Citigroup's Tax Benefit, at $55 Billion and Rising, Raises Questions and Causes Concerns 2013-02-15 — thestreet.com Citigroup (C_) investors and analysts are narrowing their focus on the bank's massive deferred tax asset (DTA), which is growing despite three consecutive years of profits. More from Dan Freed Bond Insurer Radian Group Is 'Finding Its Footing'European Banks Are Replaying U.S. Crisis, Carlyle SaysAnnaly's Stock Is Upgraded on Cheaper Valuation The DTA reflects losses and other deductions that get converted to tax credits. However, Citigroup must generate sufficient profits to make use of the credits before they expire, an issue causing anxiety among some followers of the stock. read original article \| permalink to this page \| discuss \| \| RSS \| Subscribe by email! Comments: Be the first to add a comment add a comment \| go to forum thread

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Citigroup's Tax Benefit, at $55 Billion and Rising, Raises Questions and Causes Concerns