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The
No. 4 U.S. bank by assets said net income rose to $3.57 billion,
or $1.14 per share, in the quarter ended Dec. 31, from $3.34
billion, or $1.02 per share, a year earlier.
Analysts on average had expected earnings of $1.12 per share,
according to Thomson Reuters I/B/E/S. It was not immediately
clear if the reported figures were comparable.
Citigroup's revenue from fixed-income trading rose about 36
percent, while equity trading revenue rose about 15 percent,
pushing up total markets and securities services revenue by
about 24 percent compared with the same quarter last year.
Wall Street trading desks benefited in the quarter from higher
volume and volatility in stocks, bonds and currencies in the
wake of Donald Trump's surprise victory on Nov. 8.
Goldman Sachs Group Inc <GS.N> reported a jump of about 78
percent in revenue from trading fixed-income securities,
currencies and commodities earlier on Wednesday.
JPMorgan Chase & Co <JPM.N>, the No. 1 U.S. bank by assets, and
Morgan Stanley <MS.N> also reported sharp increases in
fourth-quarter fixed-income trading revenue.
(Reporting by Sweta Singh in Bengaluru and David Henry in New
York; Editing by Saumyadeb Chakrabarty)
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