Shares of Citigroup fell sharply Friday despite the company reporting better-than-expected quarterly results.
In late-morning trading, the stock was down more than 7 percent.
The banking giant posted adjusted earnings per share of $1.06 and revenues of $18.64 billion for the previous quarter.
Analysts had expected Citigroup to report earnings of about $1.05 a share on $17.87 billion in revenue, according to a consensus estimate from Thomson Reuters.
"Overall, we had strong performance during 2015. The $17.1 billion we generated in net income was the highest since 2006, when our company was very different in terms of headcount, footprint, mix of businesses and assets," CEO Michael Corbat said in a release.