Citigroup's trading results fell less than 1% amid hundreds of layoffs across the business, beating expectations for a 4% drop.
Citigroup reported third-quarter earnings on Tuesday morning before the opening bell. Both revenue and earnings per share outperformed Wall Street expectations. The firm saw trading results slip just 1% amid hundreds of layoffs, beating expectations for a 4% decline. The bank also reported fixed-income trading revenue that beat estimates and equities trading revenue that fell short of forecasts. Watch Citigroup trade live.
Citigroup reported third-quarter earnings on Tuesday morning before the opening bell. Both revenue and earnings per share outperformed Wall Street expectations. The firm saw trading results slip just 1% amid hundreds of layoffs, beating expectations for a 4% decline. The bank also reported fixed-income trading revenue that beat estimates and equities trading revenue that fell short of forecasts. Watch Citigroup trade live.
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