Citigroup Revenue Helped By Higher Investment Banking Fees -- Market Talk

Dow Jones
2025/04/15

0926 ET - Citigroup reports a jump in 1Q revenue with the aid of a 14% hike in investment banking fees. Total investment banking revenue increased 12% to $1 billion, driven by higher fees in its advisory business, partially offset by declines in equity capital markets and debt capital markets. Advisory fees were up 84% as the business gained wallet share, both overall and across numerous sectors, Citigroup says. The equity capital markets saw a 26% drop in fees as demand dried up for follow-ons and convertibles, while fees in the debt capital markets business were down 3% against a strong prior-year performance. (dean.seal@wsj.com)

(END) Dow Jones Newswires

April 15, 2025 09:26 ET (13:26 GMT)

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