Citigroup Reports Better-than-Expected Profits Driven by Investment Banking, Stock Prices Soar
Citigroup’s Surprising Profit Surge: A Closer Look at the Role of Investment Banking It’s not every day that a banking giant like Citigroup outperforms market expectations. Yet, that’s exactly what happened recently, as Citigroup reported better-than-expected profits, largely driven by its investment banking division. This news sent the company’s stock prices soaring, leaving many to …