Citigroup Inc. shares
were slightly higher in premarket trade Monday, after the bank posted a decline in revenue for the first quarter.
Global consumer banking revenue edged up to $8.451 billion from $8.426 billion, institutional clients group revenue fell to $9.694 billion from $9.855 billion and corporate/other revenue came to $431 million, down from $591 million.
Fixed income trading revenue rose 1% to $3.5 billion, while equity markets revenue fell 24% to $842 million.
This is the part in Groundhog Day where Phil Connors kills himself again, and again, and again.
In Asia, equities headed for a fresh six-month high, propelled by markets in Japan and Korea, after the Bank of China released upbeat credit data, although earlier, Chinese stocks closed in the red, fading initial trade-related gains as expectations for rate cuts fizzled following the latest credit deluge.
Former trade unionist Antti Rinne is poised to become Finland’s first Social Democrat prime minister in 16 years after winning by fewer than 7,000 votes but his party faces tough coalition talks ahead as the ultra nationalist Finns Party emerged as the second-biggest party, beating the establishment conservative National Coalition for the first time.