Citigroup reports revenues down
April 15, 2019

Citigroup Inc has today reported net income for the first quarter 2019 of US$4.7 billion, or $1.87 per diluted share, on revenues of $18.6 billion. This compared to net income of $4.6 billion, or $1.68 per diluted share, on revenues of $18.9 billion for the first quarter 2018. Revenues decreased 2 percent from the prior-year period.

Markets and securities services revenues of $4.7 billion decreased 6 percent. Securities services revenues of $638 million were flat on a reported basis and increased 5 percent in constant dollars, driven by growth in deposits as well as improved spreads.

Fixed income markets revenues of $3.5 billion increased 1 percent, as strength in rates and spread products was partially offset by weakness in foreign exchange, as a result of low currency volatility in the current quarter, while corporate client activity remained stable. 

Equity markets revenues of $842 million decreased 24 percent, compared to a strong prior-year period, reflecting lower market volumes and client financing balances. 





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Citigroup Inc has today reported net income for the first quarter 2019 of US$4.7 billion, or $1.87 per diluted share, on revenues of $18.6 billion. This compared to net income of $4.6 billion, or $1.68 per diluted share, on revenues of $18.9 billion for the first quarter 2018. Revenues decreased 2 percent from the prior-year period.

Markets and securities services revenues of $4.7 billion decreased 6 percent. Securities services revenues of $638 million were flat on a reported basis and increased 5 percent in constant dollars, driven by growth in deposits as well as improved spreads.

Fixed income markets revenues of $3.5 billion increased 1 percent, as strength in rates and spread products was partially offset by weakness in foreign exchange, as a result of low currency volatility in the current quarter, while corporate client activity remained stable. 

Equity markets revenues of $842 million decreased 24 percent, compared to a strong prior-year period, reflecting lower market volumes and client financing balances. 



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