Citigroup Q1 Markets Revenue Down 7%, Investment Banking Revenue Up 35%, Wealth Revenue Down 4%, US Personal Banking Up 10%
Portfolio Pulse from Benzinga Newsdesk
Citigroup reported a mixed financial performance for Q1, with a 7% decline in Markets Revenue, a 35% increase in Investment Banking Revenue, a 4% decrease in Wealth Revenue, and a 10% rise in US Personal Banking.
April 12, 2024 | 12:08 pm
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Citigroup's Q1 earnings show a mixed performance with significant growth in Investment Banking but declines in Markets and Wealth Revenue.
The mixed results with a notable increase in Investment Banking Revenue could balance out the negative impacts of the declines in Markets and Wealth Revenue, leading to a neutral short-term impact on Citigroup's stock price. The growth in US Personal Banking also supports a potentially stable outlook.
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