Investing

Citigroup earnings beat expectations on 49% fixed-income trading surge

0


Citigroup reported Tuesday quarterly results that easily beat analyst expectations, driven by strong fixed-income trading revenues along with growing sales from the bank’s consumer business.

Here’s what the banking giant reported vs. what Wall Street analysts expected:

  • Earnings: $1.90 per share vs. $1.84 per share expected by Refinitiv
  • Revenue: $18.378 billion vs. Refinitiv forecast of $17.855 billion
  • Fixed income trading: $2.9 billion vs. FactSet estimate of $1.24 billion
  • Equities trading: $516 million vs. $673.7 million forecast

The stock rose 1.9% in early trading Tuesday.

Citigroup’s bond-trading revenues represent a 49% surge from the year-earlier period. The bank said the strong results…



Source cnbc.com

US Consumer Price Index CPI December 2019

Previous article

Why Domino’s Pizza is exiting Iceland, Norway and Sweden

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing