Citigroup swings to profit on trading strength, surging deals
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Citigroup reported a profit in the fourth quarter, driven by strong trading performance and a recovery in dealmaking, which increased investment banking fees.
January 15, 2025 | 1:30 pm
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Citigroup reported a profitable fourth quarter, attributed to strong trading and increased dealmaking activities, which boosted investment banking fees.
The report of Citigroup swinging to a profit due to strong trading and increased dealmaking suggests a positive short-term impact on its stock price. The increase in investment banking fees indicates improved financial performance, which is likely to be viewed favorably by investors.
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