Citi Stock Traders Post Record Revenue for Quarter
Citigroup says revenue from equities trading surged 45% to $2.3 billion in the second quarter from a year earlier.
That's 11% higher than the record set in this year's opening months.
Earnings per share came in at $3.15, beating all estimates.
This is coverage from "Bloomberg Surveillance." (Source: Bloomberg)
Wall Street Banks Smash Profit Records
- JPMorgan Sees Record Profit as Stock-Trading Climbs 86% Bloomberg —
- JPMorgan Chase racks up biggest profit ever for a US bank as dealmaking sizzles across Wall Street NY Post —
- JPMorgan Chase profits jump on strong investment bank results IOL —
- Big Banks’ Profits Surge After a Red-Hot Quarter on Wall Street Wall Street Journal —
- Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom The New York Times —