Reported about 24 hours ago
Citigroup surpassed Wall Street's profit expectations for the first quarter, buoyed by a 23% increase in stock trading revenues due to market volatility. The bank's net income rose 21% to $4.1 billion, as other major banks also reported similar gains. Despite the positive earnings, executives expressed concerns about the impact of U.S. tariff policies on economic growth and ongoing uncertainties affecting the market.
Source: YAHOO