Citragroup CEO Jane Fraser, on 6 December, 2023, attends hearing on the annual monitoring of Wall Street firms before the Senate Committee on banking, housing and urban matters in Washington, DC, United States.
Tom Williams | CQ-Roll Call, Inc. Getty images
City group Posted in the first quarter on Tuesday Result This exceeded the estimates of analysts as the firm traders generated more revenue than expected.
The company said here:
- Earning: $ 1.96 per share vs $ 1.85 per share LSEG estimate
- Income: $ 21.60 billion, vs $ 21.29 billion
The bank stated that the profit increased by 21% to $ 4.1 billion, or $ 1.96 per share, at high revenue and less than the year-Arjuk period. Companywide revenue climbed 3% to $ 21.60 billion as the firm cited profit in its five major divisions.
The loan of the lender increased by 3%.
CEO Jane Fraser said that banks continue to earn credibility with investors and focus on executing their strategy, including a diverse set of businesses that “will perform in a wide variety of macro scenarios.”
She addressed recent concerns about the American economy which have come out as President Donald Trump Demanded to restructure the deals with the US business partners.
“When all are said and done, and long -term trade imbalances and other structural changes are behind us, the US will still be the world’s leading economy, and the dollar will remain reserved currency,” Fraser said.
Citragroup’s fixed -income traders generated a revenue of $ 4.5 billion on increased activity in markets for currencies and government bonds, 8% more a year ago to top the estimate of 8% more and $ 4.33 billion streetcounts.
Equity traders saw a 23% increase in revenue, reaching the top in an estimate of $ 1.4 billion, “increase market volatility” and high customer activity led more transactions.
JPMorgan Chase, Morgan Stanley And Goldman Sachs Each estimated an analysts’ equity trading revenue at a boom as banks took advantage of volatility in the quarter.
Citigroup shares have declined by 10% this year amid widespread sales in banks related to Trump’s tariff policies.
