Citi shines at last with $4.4bn profit
US debt underwriting revenues helped Citi trounce analyst expectations on Monday when it reported first quarter net income of $4.4bn—its highest quarterly profit in almost three years.
Profits were driven by strong revenues in fixed income and equities and a drop in expenses and net credit losses.
The profit announced on Monday, which contrasts sharply with a loss of more than $7bn in the fourth quarter of last year, was boosted by revenues in the
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