Securities services offsets Citi income falls elsewhere
April 13, 2018

Growth in securities services and other institutional client business more than offset declines in investment banking and fixed income markets, reports Citi in its just-published first quarter 2018 results.

Total revenues of US$18.9 billion in the first quarter 2018 increased 3 percent, driven by 7 percent aggregate growth in global consumer banking and institutional clients group, partially offset by a 51 percent decrease in corporate/other, primarily due to the continued wind-down of legacy assets.

Markets and securities services revenues of $5 billion increased 3 percent, as a decline in fixed income markets revenues was more than offset by strong revenue growth in equity markets and securities services. 

Securities services revenues of $641 million increased 16 percent, driven by continued growth in client volumes and higher interest revenue. Equity markets revenues of $1.1 billion increased 38 percent, with growth across all products, as volatility increased and momentum with investor clients continued. 

Fixed income markets revenues of $3.4 billion in the first quarter 2018 decreased 7 percent, driven by a less favourable environment and lower investor client activity in G10 rates and spread products partially offset by strong corporate client activity in G10 foreign exchange and local markets rates and currencies. 





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Growth in securities services and other institutional client business more than offset declines in investment banking and fixed income markets, reports Citi in its just-published first quarter 2018 results.

Total revenues of US$18.9 billion in the first quarter 2018 increased 3 percent, driven by 7 percent aggregate growth in global consumer banking and institutional clients group, partially offset by a 51 percent decrease in corporate/other, primarily due to the continued wind-down of legacy assets.

Markets and securities services revenues of $5 billion increased 3 percent, as a decline in fixed income markets revenues was more than offset by strong revenue growth in equity markets and securities services. 

Securities services revenues of $641 million increased 16 percent, driven by continued growth in client volumes and higher interest revenue. Equity markets revenues of $1.1 billion increased 38 percent, with growth across all products, as volatility increased and momentum with investor clients continued. 

Fixed income markets revenues of $3.4 billion in the first quarter 2018 decreased 7 percent, driven by a less favourable environment and lower investor client activity in G10 rates and spread products partially offset by strong corporate client activity in G10 foreign exchange and local markets rates and currencies. 



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