NEW YORK, Oct 13 - Citigroup's profit 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.
Fraser announced a sweeping reorganization last month that will disband ICG and give her more direct oversight over the company's businesses. The new structure is not yet reflected in the third-quarter results.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock market today: Asian markets slip as rising yields in the bond market pressure stocksHONG KONG (AP) — Asian markets slipped on Friday following a decline on Wall Street driven by mounting pressure from rising bond market yields. U.S. futures ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stocks mixed as CPI inflation holds steady: Stock market news todayStocks were mixed on Thursday as investors digested a September inflation report that some economists believe will keep the Fed on hold in November but could...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stocks drop, bond yields rise as CPI inflation holds steady: Stock market news todayStocks were lower on Thursday as investors digested a September inflation report that some economists believe will keep the Fed on hold in November but could...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stocks break win streak, bond yields rise as CPI inflation holds steady: Stock market news todayStocks were lower on Thursday as investors digested a September inflation report that some economists believe will keep the Fed on hold in November but could...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock futures step higher as CPI inflation holds steady: Stock market news todayAll eyes are on the Consumer Price Index report for insight into whether the Fed is winning the inflation fight.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock open flat as CPI inflation holds steady: Stock market news todayAll eyes are on the Consumer Price Index report for insight into whether the Fed is winning the inflation fight.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »