Citi’s Q1 Profits Beat Street Estimates, Fueled by Fixed Income Activity

[kreslik.news]

Citi (NYSE:C) has reported its quarterly earnings, which revealed a number of surprise revelations, given the currently moribund state surrounding global lenders. Citi’s metrics showed a rising profits, propped up by a healthy performance out of its fixed-income sector, per a group filing statement.

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The past two years have been unkind to lenders – while most of the attention has been trained on European lenders that are engulfed in talks of relocation, diving revenues, job cuts, and in some cases mergers, US banks are also facing a dearth ... ([url=http://www.financemagnates.com/institutional-forex/brokerage/citis-q1-profits-beat-street-estimates-fueled-fixed-income-activity/]read more)