Citiโs Fixed Income Traders Drive Third-Quarter Beat on Revenue
Citigroupโs fixed-income traders beat analystsโ expectations with their best third quarter in at least a decade, sending the bankโs revenue for the period to one of its highest levels ever. The better-than-expected fixed income, currencies and commodities trading and services results helped offset a more sluggish quarter from Citiโs business advising clients on mergers and acquisitions. Kristine Aquino reports on Bloomberg Television. (Source: Bloomberg)