( Updated to reflect stock price moves.) NEW YORK ( TheStreet) -- Citigroup ( C - Get Report) was among the winners of the financial sector Tuesday after the bank reported a fourth-quarter loss that matched expectations and showed another quarter of improving credit losses. Citigroup posted a fourth-quarter loss of $7.6 billion, or 33 cents a share, better than the year-ago loss of $3.40 a share and inline with the Thomson Reuters average estimate. However, much like JPMorgan Chase ( JPM) last week, revenue in the quarter was lighter than expected. Fourth-quarter revenue totaled $5.4 billion, or $15.5 billion excluding the loss on the repayment of TARP and exiting the loss-sharing agreement. Citigroup said the provision for loan losses in the fourth quarter was $8.2 billion, down 36% from the prior year and 10% from the previous quarter. Fourth-quarter net credit losses of $7.1 billion were down $800 million from the prior quarter, marking the second consecutive quarter of improvement. Citigroup shares were lately up 10 cents, or 2.9%, to $3.52. In other bank news, Goldman Sachs ( GS - Get Report) has delayed the announcements of London bonus payouts until next week, a person familiar with the matter told Reuters. Goldman had been expected to give staff the outline of their bonuses on Monday. However, staff were not told in advance this year, the source told Reuters. The investment bank is due to announce results on Thursday Meanwhile, The Daily Telegraph reported that the Financial Services Authority, Britain's financial regulator, had taken issue with Goldman's bonus plans, effectively blocking them. Goldman shares were gaining 0.7% to $166.42.
Most other bank stocks were trading mixed. Bank of America ( BAC - Get Report) retraced early losses and was up 0.6% to $16.35. Morgan Stanley ( MS) rose 1.9% to $30.96 and Wells Fargo ( WFC) tacked on 0.8% to $28.30. On the other hand, JPMorgan Chase fell 0.6% to $43.44. TD Ameritrade ( AMTD - Get Report) were also among the winners after the Internet brokerage posted a fiscal first-quarter profit of 23 cents a share, below the Thomson Reuters average estimate of 26 cents a share. Revenue in the quarter climbed to $625 million from $610.7 million in year-earlier period. Analysts estimated revenue of $634.1 million. TD Ameritrade shares were climbing 3.8% to $19.01. Meanwhile, rival E*Trade Financial ( ETFC - Get Report) retraced some of Friday's surge, which was sparked by speculation that the online brokerage was again entertaining talks of a sale. The Daily Telegraph reported Friday that E*Trade was in "advanced" talks regarding a sale, although it did not provide specific details or a source of the rumor. E*Trade Financial shares were down 2.2% to $1.80, giving back some of Friday's 5.2% advance. Elsewhere, First Horizon ( FHN - Get Report) shares retreated by 1.9% to $13.37 after the company reported a fourth-quarter loss of 32 cents a share, worse than the Thomson Reuters average estimate for a loss of 21 cents a share. Revenue dropped nearly 12% from a year ago to $436 million, also below the consensus target. First Horizon also said net charge-offs totaled $182.9 million in fourth quarter, compared to $201.7 million in the prior quarter, for the second consecutive quarterly drop. Among analyst actions, Stifel Nicolaus resumed coverage of CIT Group ( CIT - Get Report) with a buy rating and a stock price target of $46. CIT shares were lately rising 1.7% to $32.55. -- Written by Robert Holmes in Boston. Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.