Citi’s markets revenues best in recent memory

Citigroup has reported a net income of US$2.5 billion for the fourth quarter of 2022 – down 22% compared to the prior year quarter (Q4 2021: US$3.2 billion). Revenues, at US$18 billion, increased by six percent year-on-year (YoY). For the full year 2022, Citigroup reported net income of US$14.8 billion on revenues of US$75.3 billion, compared to net income of US$22 billion on revenues of US$71.9 billion for FY2021. Equity derivatives, for example, is a real strength, this was an equity