Citigroup profit beats estimates in Q3 on surge in investment banking

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Citigroup profit beats estimates in Q3 on surge in investment banking - Business Standard

Quick Summary:

But bond trading revenue lagged, falling 6 per cent to $3.6 billion.

In the retail services unit that houses credit card partnerships, "it's really about, how do we improve the returns, repricing and in some instances, exiting those partnerships," Mason said.

Services revenue climbed 8 per cent to $5 billion, fueled by a 24 per cent surge in revenue for securities services to $1.4 billion.