- Including DVA, fixed income revenues were up 36% from the year-ago quarter thanks to strong performance in rates and currencies and spread products, according to the firm.
- Equity trading revenues were up 15% if you include debt valuation adjustments, which the firm said reflected strong trading activity and an improvement in equity derivatives.
Citi beats on the bottom line, misses on the top (C)
Citigroup just reported fourth-quarter earnings that beat expectations, but missed on revenue.
In the third quarter, Citi also beat, reporting adjusted earnings of $1.24 per share ($1.16 expected) on revenues of $17.76 billion ($17.29 billion expected).
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