2023-04-14 17:10:08 ET
- Citigroup ( NYSE: C ) stock ended Friday's session 4.8% higher after turning in Q1 earnings that topped the average analyst estimate as revenue from fixed-income trading experienced an exceptional climb .
- "Markets saw the third-best quarter in the last decade in Fixed Income," CEO jane Fraser has said in a statement.
- Of note, C gained 0.5% more in after-hours trading.
- JR Research, investing groups leader of 'Ultimate Growth Investing,' flagged C with a Buy rating, before the bank posted quarterly results, as the sharp decline last month sent the stock's valuation "into highly attractive zones."
- See how Citi's ( C ) key stats rank against its too-big-to-fail bank peers .
For further details see:
Why did Citigroup stock go up today? Q1 earnings smash consensus