Citi Stock Traders Post Record Revenue of $2.3 Billion for Quarter
Earnings·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Citigroup reported a 45% surge in revenue from equities trading, reaching $2.3 billion in the second quarter compared to the same period last year. This figure is also 11% higher than the previous record set in the opening months of this year.
Additionally, the bank's earnings per share came in at $3.15, surpassing all estimates. This performance highlights the strength of Citi's trading operations amid a volatile market environment.
Citigroup
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“Citigroup says revenue from equities trading surged 45% to $2.3 billion in the second quarter from a year earlier.”
Bloomberg — Citi Stock Traders Post Record Revenue for Quarter