Citi Posts Q1 Earnings Beat on Booming Investment Banking Fees, Restructuring Ends
CCiti(C) Investopedia·2024-04-12 21:40

Key TakeawaysCitigroup reported higher-than-forecast top- and bottom-line results on the back of a rise in investment banking fees.The numbers show CEO Jane Fraser’s restructuring strategy aimed at streamlining the lender is working.Fraser, who took over as CEO in 2021, said the results mark the end of the bank's restructuring. Citigroup (C) reported higher-than-forecast results as rising markets drove up investment banking fees and as CEO Jane Fraser’s restructuring strategy aimed at streamlining the lend ...