Citi reports securities services revenue increase
October 12, 2017

Citi reports that Securities Services revenues increased 12 percent in the third quarter to US$599 million, driven by growth in client volumes across the custody business along with higher interest revenue.

This helped offset a decline in Markets revenues. Fixed Income Markets revenues of $2.9 billion in the third quarter 2017 decreased 16 percent, primarily reflecting lower G10 rates and currencies revenues, given low volatility in the current quarter and the comparison to higher Brexit-related activity a year ago, as well as lower activity in spread products. Equity Markets revenues of $757 million increased 16 percent, reflecting client-led growth across cash equities, derivatives and prime finance.

Markets and Securities Services revenues of $4.6 billion combined increased 3%. The bank's total net income for the third quarter was $4.1 billion.





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Citi reports that Securities Services revenues increased 12 percent in the third quarter to US$599 million, driven by growth in client volumes across the custody business along with higher interest revenue.

This helped offset a decline in Markets revenues. Fixed Income Markets revenues of $2.9 billion in the third quarter 2017 decreased 16 percent, primarily reflecting lower G10 rates and currencies revenues, given low volatility in the current quarter and the comparison to higher Brexit-related activity a year ago, as well as lower activity in spread products. Equity Markets revenues of $757 million increased 16 percent, reflecting client-led growth across cash equities, derivatives and prime finance.

Markets and Securities Services revenues of $4.6 billion combined increased 3%. The bank's total net income for the third quarter was $4.1 billion.



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