Citi’s Fixed Income Traders Drive Third-Quarter Beat on Revenue

Citigroup’s fixed-income traders beat analysts’ expectations with their best third quarter in at least a decade, sending the bank’s revenue for the period to one of its highest levels ever. The better-than-expected fixed income, currencies and commodities trading and services results helped offset a more sluggish quarter from Citi’s business advising clients on mergers and acquisitions. Kristine Aquino reports on...