Jane Fraser, CEO of Citigroup, lives a hearing on annual supervision of Wall Street companies for the senate committee for bank, housing and urban affairs in Washington, DC, the United States, on December 6, 2023.
Tom Williams | CQ-Roll Call, Inc. | Getty images
Citigroup reported the profit of the first quarter for the opening bell Tuesday.
This is what the company reported compared to what Wall Street analysts who were investigated by LSEG expected:
- Profit: $ 1.96 per share, versus expected $ 1.85 per share
- Turnover: $ 21.60 billion, versus $ 21.29 billion expected
While his Wall Street colleagues came to the income of stock trading in the period in the period, the Citigroup trade division is much more tilted to fixed income than shares.
That may mean that it does not entirely have the tail wind to act like his rivals did.
JPMorgan Chase” Morgan Stanley And Goldman Sachs Each exceeded the estimates of analysts about a tree in stock trading income when the banks made use of volatility in the quarter.
This year's shares of Citigroup have fallen by 10% in the midst of a broad sale in banks with regard to the rate policy of President Donald Trump.
This story is developing. Come back for updates.
