Citi earnings beat estimates as fixed-income trading spikes 49%
|01/14/2020||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>