It is not supposed to be this way at Walgreens because gross profit, revenues, and operating income are growing at the company.Read more
Despite the Costco debacle, Citigroup is still making money, because its’ income is increasing.
Citi reported $14.67 billion in net income on September 30, 2016; which was a slight increase over 2015. The bank reported a net income of $14.25 billion in September 2015. Unfortunately the net income has fallen since the Costco deal – it was $15.31 billion in June 2016.
This makes Citi something of a value investment because it can afford to lose a lot of money. Citigroup will survive the Costco troubles, because it can take the hit.Read more