Citigroup (C.N)
Citigroup shares up 1.2% after the bank reported a 42% jump in Q1 profit driven by a surge in trading revenue
Geopolitical tensions and concerns over AI disruption fueled market volatility, boosting the co’s total markets revenue by 19% to $7.2 billion
Investment banking was also a bright spot, with revenue up 15% as strong dealmaking lifted fees from equity underwriting and M&amp;A advisory
Up to Monday’s close, stock up ~8% YTD vs ~1% fall in S&amp;P 500 Banks index (.SPXBK) JPMorgan Chase &amp; Co (JPM.N)
Shares of JPMorgan Chase &amp; Co reverse course in volatile premarket trading; last down 0.6%
Bank reports rise in Q1 profit, boosted by strong performance in its trading division
Net income rises to $16.5 billion, or $5.94 per share, beating analyst estimates for adj. EPS of $5.45 - LSEG data
The largest U.S. lender’s investment banking fees jump 28% in Q1 from a year earlier, the strongest performance among global banks, Dealogic data shows
JPM’s markets revenue rises 20%
As of last close, stock down 2.6% YTD, vs. ~1% fall in S&amp;P 500 Banks index (.SPXBK)
Wells Fargo (WFC.N) Wells Fargo shares down 2.3% premarket
Profit rises in Q1, helped by higher income from interest payments
The fourth-largest U.S. lender posts Q1 net profit of $5.25 billion, or $1.60 per share
As of last close, stock down 7% YTD, vs. ~1% fall in S&amp;P 500 Banks index (.SPXBK)

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- Citigroup's Q1 profits surged by 42%, driven by a spike in trading income, resulting in a 1.2% increase in stock price.  
- The company experienced a total market income growth of 19% to $7.2 billion, with investment banking revenues rising by 15% due to strong M&A activity.  
- In contrast, JPMorgan's stock fluctuated, reporting a 20% increase in market income, while Wells Fargo's Q1 net profit rose to $5.25 billion, with its stock down 2.3% year-to-date.

Reuters

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Citigroup

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Wells Fargo

CITIGROUP INC 6.250 NON CUM SER II PFD WI

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A DD

WELLS FARGO & COMPANY 7.5% PERP CONV PRF CLS 'A' SERIES 'L'

WELLS FARGO & COMPANY DEP SHS REP 1/1000 INT PER PFD SER Y A

WELLS FARGO & COMPANY DP SHS REP 1/1000TH INT NCUM PFD CL A CC

WELLS FARGO & COMPANY 4.75% DEP SHS 1/1000 NCUM PFD CL A SR Z

WELLS FARGO & COMPANY DEP SHS REP 1/1000TH INT PFD SR AA (CLA)

BUZZ-US banks: Citi up, JPM and Wells Fargo fall after Q1 results