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Citigroup profit beats on investment banking boost

https://www.reuters.com/article/us-citigroup-results/citigroup-profit-beats-on-investment-banking-boost-idUSKCN1RR174
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Apr 15, 2019 9:27 AM 5+ day ago

UPDATE 4-Citigroup profit beats on investment banking boost

(Reuters) - Citigroup Inc reported higher-than-expected earnings on Monday despite declining revenue as the New York-based lender cut costs, grew investment-banking revenues and expanded net-interest margins.

Still, Citi improved its results in ways, including the expense cutting, that may be tough to replicate in future quarters. A lower tax rate also played a big role in Citi's improvement from a year ago.

The bank's income from continuing operations actually declined slightly. But net income rose because its effective tax rate declined to 21 percent from 24 percent a year earlier.

Citi has been investing in digital capability to try to win deposits domestically despite its light U.S. branch network. Chief Executive Mike Corbat said in a statement its efforts are showing positive early results.

But the bank is still growing deposits faster abroad than in the United States: international consumer deposits ...

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UPDATE 3-Citigroup profit beats on investment banking boost

reuters.com     5+ day ago

(Reuters) - Citigroup Inc reported higher-than-expected earnings on Monday despite declining revenue as the New York-based lender cut costs, grew investment-banking revenues and expanded net-interest ...

UPDATE 2-Citigroup profit beats on investment banking boost

reuters.com     5+ day ago

(Reuters) - Citigroup Inc reported higher-than-expected earnings on Monday despite declining revenue as the New York-based lender cut costs, grew investment-banking revenues and expanded net-interest ...

Citigroup profit beats on investment banking boost

oann.com     5+ day ago

(Reuters) - Citigroup Inc reported higher-than-expected earnings on Monday despite declining revenue as the New York-based lender cut costs, grew its investment-banking business and expanded net-inter...

Citigroup profit beats on investment banking boost

reuters.com     5+ day ago

(Reuters) - Citigroup Inc reported higher-than-expected earnings on Monday despite declining revenue as the New York-based lender cut costs, grew investment-banking revenues and expanded net-interest ...

Citigroup profit beats on consumer banking strength

reuters.com     9+ mon ago

Citigroup executives see better growth ahead, but not yet 4 Min Read (Reuters) - Citigroup Inc (C.N) is still on track to hit its goals for efficiency and revenue growth, executives said on Friday, as...

UPDATE 2-Citigroup profit beats on consumer banking, but revenue disappoints

reuters.com     9+ mon ago

Citigroup executives see better growth ahead, but not yet 4 Min Read (Reuters) - Citigroup Inc (C.N) is still on track to hit its goals for efficiency and revenue growth, executives said on Friday, as...

Citigroup profit beats on consumer banking, but revenue disappoints

reuters.com     9+ mon ago

Citigroup profit beats on consumer banking, but revenue disappoints 3 Min Read (Reuters) - Citigroup Inc s (C.N) quarterly profit topped Wall Street estimates on strength in its consumer banking bus...

UPDATE 1-Goldman Sachs profit beats on higher equity trading, investment banking

reuters.com     6+ mon ago

(Reuters) - Goldman Sachs (GS.N) will limit loan growth in one of its new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon...

Goldman Sachs profit beats on higher equity trading, investment banking

reuters.com     6+ mon ago

(Reuters) - Goldman Sachs (GS.N) will limit loan growth in one of its new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon...

UPDATE 1-Jefferies profit surges on higher investment banking revenue

reuters.com     10+ mon ago

Jefferies profit surges on higher investment banking revenue Reuters Staff 1 Min Read (Reuters) - Jefferies Group LLC (JEF.N) on Tuesday reported a 40.5 percent jump in second-quarter profit, helped b...

UPDATE 2-Jefferies profit jumps on higher investment banking revenue

reuters.com     10+ mon ago

Jefferies profit jumps on higher investment banking revenue Reuters Staff 2 Min Read (Reuters) - Jefferies Group LLC (JEF.N) on Tuesday reported a 40.5 percent jump in quarterly profit as strength in ...

UPDATE 2-Jefferies profit slumps on muted investment banking, higher expenses

reuters.com     6+ mon ago

Jefferies' quarterly profit declines 28 percent 1 Min Read (Reuters) - Jeffe...

Jefferies profit surges on higher investment banking...

dailymail.co.uk     10+ mon ago

June 19 (Reuters) - Jefferies Group LLC on Tuesday reported a 40.5 percent jump in second-quarter profit, helped by higher investment banking revenue. Net income attributable to Jefferies rose to $98 ...

Citigroup profit beats on higher bond trading, LatAm...

dailymail.co.uk     6+ mon ago

Oct 12 (Reuters) - Citigroup Inc reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and strength in its consumer banking business in Mexi...

Jefferies profit slumps on muted investment banking,...

dailymail.co.uk     6+ mon ago

...

Bulls banking on Citigroup

cnbc.com     5+ mon ago

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UPDATE 1-Goldman Sachs beats on strength in bond trading, investment banking

reuters.com     9+ mon ago

Goldman Sachs names new CEO, profit beats; shares dip 3 Min Read (Reuters) - Goldman Sachs Group Inc announced a new chief executive on Tuesday and reported a better-than-expected jump in quarterly pr...

Citigroup profit beats on higher bond trading, LatAm growth

reuters.com     6+ mon ago

(Reuters) - Citigroup Inc (C.N) reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and strength in its consumer banking business in Mexic...

Citigroup profit beats on higher bond trading, lower costs

reuters.com     6+ mon ago

(Reuters) - Citigroup Inc (C.N) reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and strength in its consumer banking business in Mexic...

UPDATE 1-Grains merchant ADM's profit beats estimates on oilseeds boost

reuters.com     5+ mon ago

(Reuters) - Archer Daniels Midland Co (ADM.N) reported higher-than-expected quarterly profit on Tuesday, as the U.S. grain merchant cashed in on strong oilseed crushing margins and export sales of Ame...

Goldman Sachs beats estimates for third-quarter profit on stronger-than-expected investment banking

cnbc.com     6+ mon ago

Published 6:16 AM ET Tue, 16 Oct 2018 Updated 10:30 AM ET Tue, 16 Oct 2018 CNBC.com Goldman Sachs beat analysts' expectations for third-quarter profit on strength in all of its major businesses apart...

Just Keep Banking On Citigroup

seekingalpha.com     3+ mon ago

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UPDATE 2-Tencent profit beats on investment gain, no progress on China gaming

reuters.com     5+ mon ago

HONG KONG (Reuters) - Tencent (0700.HK) beat third-quarter profit forecasts on Wednesday but gave no update on a regulatory block in China, the world's largest gaming market, that has damaged its core...

UPDATE 4-Verizon beats profit, revenue estimates, misses on subscribers

reuters.com     8+ mon ago

Verizon beats profit, revenue estimates, misses on subscribers 3 Min Read (Reuters) - Verizon Communications Inc (VZ.N) on Tuesday reported quarterly profit and revenue that topped estimates but added...

UPDATE 2-Barclays beats profit forecasts despite investment bank costs

reuters.com     5+ mon ago

LONDON (Reuters) - Britain's Barclays (BARC.L) beat third quarter profit forecasts on Wednesday and reported higher revenues at its under-pressure investment bank, although its costs rose. The result...

Citigroup appoints Philip Drury head of EMEA investment banking: memo

reuters.com     5+ mon ago

Citigroup appoints Philip Drury head of EMEA investment banking: memo 1 Min Read ...

Citigroup appoints Philip Drury head of EMEA investment banking

reuters.com     5+ mon ago

(Reuters) - Citigroup Inc (C.N) named Philip Drury to run its London-based banking, capital markets and advisory business across Europe, the Middle East and Africa, according to a memo seen by Reuters...

UPDATE 4-UnitedHealth profit beats expectations, shares rise

reuters.com     3+ mon ago

(Reuters) - UnitedHealth Group Inc (UNH.N), the largest U.S. health insurer, beat Wall Street estimates for fourth-quarter profit on Tuesday, driven largely by growth in its Optum services business, i...

UPDATE 4-Insurer Anthem profit beats estimates on lower patient costs

reuters.com     8+ mon ago

Insurer Anthem profit beats estimates on lower patient costs Reuters Staff 3 Min Read (Reuters) - Anthem Inc (ANTM.N) raised its full-year adjusted earnings forecast, as the health insurer reported be...

Citigroup profit rises to $4.6 billion, beats Street views

townhall.com     6+ mon ago

Share Tweet NEW YORK (AP) Citigroup said Friday that its third-quarter profits rose 12 percent from a year earlier, as the banking conglomerate was able to cut expenses an...

Citigroup profit rises to $4.6 billion, beats Street views

seattletimes.com     6+ mon ago

Originally published October 12, 2018 at 5:37 am Updated October 12, 2018 at 9:40 am The New York-based bank earned $4.62 billion in the third quarter, up from $4.13 billion a year ago. Citi earned a...

UPDATE 1-Citigroup to overhaul its investment bank

reuters.com     7+ mon ago

Citigroup to overhaul its investment bank 1 Min Read (Reuters) - Citigroup I...

Citigroup profit rises to $4.6 billion, beats Street views

abcnews.go.com     6+ mon ago

...

UPDATE 4-Harley-Davidson's profit beats estimates, shares rally

reuters.com     8+ mon ago

Harley-Davidson's profit beats estimates, shares rally 3 Min Read (Reuters) - Harley-Davidson Inc (HOG.N) on Tuesday forecast a lower-than-expected hit to profit margins from President Donald Trump ...

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