Citigroup Profits Up On Investment Banking Money

Credit: Wochit
Published on April 15, 2019 - Duration: 00:41s

Citigroup Profits Up On Investment Banking Money

FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada, Oct.

19, 2017.

REUTERS/Chris Helgren/File Photo (Reuters) - Citigroup Inc reported a 2 percent rise in quarterly earnings on Monday, as investment banking revenue surged and net interest margin expanded.

Net income rose to $4.71 billion, or $1.87 per share, for the first quarter ended March 31 from $4.62 billion, or $1.68 per share, a year earlier.

Revenue fell 2 percent to $18.58 billion.

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