Citigroup's (C:NYSE - news - research) first-quarter earnings edged up 3% from a year ago and the company authorized up to $15 billion in additional share buybacks.
The world's largest financial institution earned $5.44 billion, or $1.04 a share, in the quarter, compared with earnings of $5.27 billion, or $1.01 a share, last year. On a continuing operations basis, earnings rose 3% from a year ago to $5.17 billion, or 99 cents a share.
Analysts were calling for earnings of $1.02 a share in the latest quarter, according to Thomson Financial.