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Citi Exclusive: Trading Desks Push Up Profits

Citi reported a successful third quarter, exceeding investors’ expectations by outperforming in multiple areas.

Citibank building in Canada Square, at the heart of Canary Wharf financial district on 15th August 2023 in London, United Kingdom. The Citigroup Centre houses Citigroup's EMEA headquarters. PHOTO: MIKE KEMP/GETTY IMAGES
Citibank building in Canada Square, at the heart of Canary Wharf financial district on 15th August 2023 in London, United Kingdom. The Citigroup Centre houses Citigroup’s EMEA headquarters. PHOTO: MIKE KEMP/GETTY IMAGES

The bank’s revenue for the quarter reached $20.1 billion, surpassing the expected amount of $19.2 billion. This was bolstered by a larger-than-expected boost of $2.8 billion to fixed-income trading, an

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