Citigroup Inc, RMBS Settlement Won’t Impact Its Quarterly EPS [CREDIT SUISSE]

Citigroup Inc (NYSE:C)’s settlement to pay $1.125 billion to settle legacy and other claims would be a positive, note Credit Suisse analysts.

Moshe Orenbuch and Jill Glaser Shea of Credit Suisse in their Equity Research report dated April 7, 2014 note Citigroup’s recent settlement is a positive in that it puts another legal issue behind the company.

Citigroup’s settlement

Citigroup Inc (NYSE:C) said Monday it would pay $1.12 billion in cash to settle legacy securities and other claims and incur a...