Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photoprofit was broadly steady in the third quarter as it benefited from rising interest payments and surging investment banking fees, sending its shares up 3% in premarket trading on Friday.
"We announced consequential changes that align our organizational structure with our strategy and changes how we run the bank," CEO Jane Fraser said in a statement. The bank's trading unit also boosted revenue, while its division providing treasury and securities services to corporations brought in 12% more revenue.The third largest U.S. lender set aside more money to cover potential bad loans, even though delinquency levels were still low compared to historical levels.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Citigroup Reports Earnings Friday. What to Expect.Analysts surveyed by FactSet expect the bank's profit will fall 28% from the year-ago quarter to $2.5 billion.
Weiterlesen »
Are High Rates Taking a Toll on Consumers? Bank Earnings Will Provide a ClueJPMorgan, Wells Fargo and Citigroup are set to kick off third-quarter bank results Friday
Weiterlesen »
Here's what to expect from Citigroup's third-quarter earnings reportFriday’s report is the first major update since Citigroup announced a new corporate structure in September.
Weiterlesen »
Here's what to expect from Citigroup's third-quarter earnings reportFriday's report is the first major update since Citigroup announced a new corporate structure in September.
Weiterlesen »
Citigroup profit holds steady as investment banking fees jumpCitigroup profit holds steady as investment banking fees jump
Weiterlesen »