Market Volatility Reduces Citigroup Revenue
The year-end gyrations on Wall Street pushed corporate and investor clients to “the sidelines, waiting for some clearer market conditions."
Citigroup Takes $22B Charge on Tax Law Adjustments
The bank's earnings excluding the tax items beat estimates, with consumer banking posting a particularly strong quarter.
Citigroup Profit up 8% to $4.1B, Earnings Beat
Every business in Citi's investment banking unit saw healthy growth in the third quarter except fixed-income trading.
Citi Earnings Beat Estimates With 17% Gain
“The momentum we saw across many of our businesses towards the end of last year carried into the first quarter," CEO Michael Corbat says.
Citi’s Q1 Revenue, Earnings Beat Expectations
The bank believes it is on the right track for the long term as it restructures to focus on more profitable businesses.