Citi’s EQD revenues lag in Q3, structured products sales fall

Citigroup has reported a rebound in earnings for the third quarter of the year, with net income reaching US$3.5 billion, up two percent year-on-year (YoY). Revenues rose by nine percent to US$20.1 billion. Markets revenues, reaching US$4.5 billion in Q3, increased by 10% YoY. The growth was supported by fixed income, which saw its revenues jump by 14% YoY to US$3.6 billion by the end of the quarter ended 30 September – primarily pushed by strength in rates and currencies that had ‘t