tl;dr - "Citigroup Inc reported a surprise drop on Monday in quarterly revenue due to a steep decline in its fixed income trading business, hurt by volatility in financial markets at the end of the year. Citi is the first of the major U.S. banks to report fourth-quarter results. Wall Street majors JPMorgan Chase & Co, Bank of America Corp and Goldman Sachs will report later this week. Citi’s results, however, may not be a good bellwether for most U.S. banks as it gets roughly half of its revenue from outside the United States."
ETA: I swear, it's like watching a college football game...
Bloomberg: Citigroup Shares Rise as Evercore ISI Calls Results ‘Reasonable’
CNBC: Citigroup shares rise after beating quarterly profit expectations on cost-cutting
Submitted January 14, 2019 at 08:53AM by WhenLuggageAttacks http://bit.ly/2FuSR7j
