“Citigroup profit beats estimates as stock trading jumps 23%”
April 15, 2025
“…Citi’s markets revenue rose 12% to $6 billion in the quarter, surpassing its earlier expectations for a mid-single-digit percentage gain. Equity revenue surged 23%, buoyed by more client activity. Fixed income revenue, a major driver of Citi’s markets business, jumped 8% to $4.5 billion, lifted mainly by rates and currencies.
Citi’s net income jumped 21% to $4.1 billion, or $1.96 per share, in the three months ended March 31. Wall Street had expected the bank to earn $1.85, according to estimates compiled by LSEG. Shares of the New York-based bank rose 1.4% in premarket trading. They have declined 10.2% this year as of Monday’s close…”
https://finance.yahoo.com/news/citigroup-profit-surges-stock-trading-120736995.html