The name’s bond: Citigroup fourth quarter results lifted thanks to fixed income division

Citibank’s success follows a raft of bumper trading updates from Wall Street. Goldman Sachs more than tripled its profits in the fourth quarter on the back of bumper bond trading after the U.S. election. Its revenue from fixed-income trading was up around 78 per cent.Yesterday, Morgan Stanley posted its biggest fourth-quarter profit since the financial crisis, doubling its profits on the surge in bond trading. The name’s bond: Citigroup fourth quarter results lifted thanks to fixed income division Wednesday 18 January 2017 7:35 pm whatsapp We had a strong finish to 2016, bringing momentum into this year. We drove revenue growth in our businesses and demonstrated strong expense discipline across the firm. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMisterStoryWoman files for divorce after seeing this photoMisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped Speedinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comPensAndPatronTori Roloff Confirms Devastating News About The FamilyPensAndPatron Share whatsapp Hayley Kirton and Helen Cahill Citigroup has reaped the rewards of the bond market trading boost following the election of Donald Trump, alongside its US rivals such as Goldman Sachs.The bank’s net income for the fourth quarter of 2016 came in at $3.6bn (£2.69bn) as compared to $3.3bn the year before – a rise of nine per cent. Read more: Goldman more than triples profits in fourth quarter Revenues came in at $17bn, down nine per cent from $18.5bn the year before, due to disposals.Revenues in its fixed income division jumped 36 per cent to $3bn, with equity markets revenue climbing 15 per cent; total markets and securities services revenue was boosted by 24 per cent as compared to the same quarter the year before.Citigroup’s share price was down 1.73 per cent at time of writing.Michael Corbat, Citigroup’s chief executive, said: More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org

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