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Citi earnings beat estimates as fixed-income trading spikes 49%

Michael Corbat CEO of Citigroup

  • Citigroup reported fourth-quarter earnings that bested Wall Street estimates for earnings and revenue on Tuesday morning.
  • The firm posted a 49% gain to fixed-income trading revenue, more than double the increase analysts anticipated, according to those surveyed by Bloomberg.
  • Citi stock traded as much as 1% higher following the report’s release.
  • Watch Citigroup trade live here.

Citigroup reported fourth-quarter earnings that beat profit and revenue expectations on Tuesday morning.

The company posted a 49% gain to fixed-income trading revenue, more than double the forecasted jump, according to analysts surveyed by Bloomberg. The division was driven by a recovery in the read more >>>

Source:: BusinessInsider.Com