Citigroup Trading Revenue Climbs 31% as Profit Beats Estimates
- Fourth-quarter net income increases 7.1% to $3.57 billion
- Fixed-income trading revenue highest since financial crisis
Citigroup 4Q Profit Beats as Trading Revenue Climbs 31%
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Citigroup Inc. reported fourth-quarter profit that surpassed analysts’ estimates as trading revenue jumped 31 percent, more than the bank had forecast last month.
Net income rose 7.1 percent to $3.57 billion, or $1.14 a share, from $3.34 billion, or $1.02, a year earlier, the New York-based company said Wednesday in a statement. The average estimate of 25 analysts surveyed by Bloomberg was for adjusted earnings of $1.12 a share.