By Iain Gilbert
Date: Friday 12 Apr 2024
LONDON (ShareCast) - (Sharecast News) - Citigroup reported a better-than-expected first-quarter performance on Friday, driven by both its investment banking and trading units.
Citi said quarterly profits fell 27% to $3.37bn, principally due to higher expenses and credit costs, while revenues fell 2% to $21.1bn, mostly driven by its sale of an overseas unit a year earlier.
Investment banking revenue jumped 35% to $903.0m, while fixed-income trading revenue fell 10% to $4.2bn and equities revenue rose 5% to $1.2bn.
As of 1530 BST, Citigroup shares were down 0.46% at $60.43 each.
Reporting by Iain Gilbert at Sharecast.com
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Currency | US Dollars |
Share Price | $ 64.17 |
Change Today | $ -0.33 |
% Change | -0.51 % |
52 Week High | $67.61 |
52 Week Low | $39.60 |
Volume | 10,041,312 |
Shares Issued | 1,903.11m |
Market Cap | $122,123m |
RiskGrade | 170 |
Strong Buy | 6 |
Buy | 8 |
Neutral | 10 |
Sell | 0 |
Strong Sell | 0 |
Total | 24 |
Time | Volume / Share Price |
15:59 | 150 @ $64.17 |
15:59 | 150 @ $64.17 |
15:59 | 400 @ $64.17 |
15:59 | 100 @ $64.18 |
15:59 | 200 @ $64.18 |
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