Citigroup beat analyst profit estimates after a 40% rise in earnings, driven by higher revenue from investment banking, services and wealth management. The results signal resilience in the US banking sector despite a challenging economic backdrop.
Citi profit jumps 40% as investment banking and wealth revenue surge
Citigroup beat analyst profit estimates after a 40% rise in earnings, driven by higher revenue from investment banking, services and wealth management. The results signal resilience in the US banking sector despite a challenging economic backdrop.
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