Citi cites strong growth in securities services
October 12, 2018
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Strong growth in securities services revenue is a feature of Citigroup's just-released third quarter results. Revenues for the securities services line of business of US$672 million reflected an increase of 11 percent, driven by continued growth in client volumes and higher net interest revenue. This strong financial performance mirrors Citi achieving 12 Outperformer Awards at the ServiceMatrix app.

Total markets and securities services revenues of $4.5 billion decreased 5 percent. Fixed income markets revenues of $3.2 billion in the third quarter 2018 increased 9 percent, with contribution from both rates and currencies as well as spread products. 

Equity markets revenues of $792 million increased 1 percent, as strength in prime finance and derivatives was largely offset by lower revenues in cash equities, reflecting a more challenging trading environment and lower commissions. 

The group reported total net income for the third quarter 2018 of $4.6 billion, or $1.73 per diluted share, on revenues of $18.4 billion.

This compared to net income of $4.1 billion, or $1.42 per diluted share, on revenues of $18.4 billion for the third quarter 2017.





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Strong growth in securities services revenue is a feature of Citigroup's just-released third quarter results. Revenues for the securities services line of business of US$672 million reflected an increase of 11 percent, driven by continued growth in client volumes and higher net interest revenue. This strong financial performance mirrors Citi achieving 12 Outperformer Awards at the ServiceMatrix app.

Total markets and securities services revenues of $4.5 billion decreased 5 percent. Fixed income markets revenues of $3.2 billion in the third quarter 2018 increased 9 percent, with contribution from both rates and currencies as well as spread products. 

Equity markets revenues of $792 million increased 1 percent, as strength in prime finance and derivatives was largely offset by lower revenues in cash equities, reflecting a more challenging trading environment and lower commissions. 

The group reported total net income for the third quarter 2018 of $4.6 billion, or $1.73 per diluted share, on revenues of $18.4 billion.

This compared to net income of $4.1 billion, or $1.42 per diluted share, on revenues of $18.4 billion for the third quarter 2017.



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