Citigroup's Q3 trading performance is impressive, with unexpected yükseliş in market business revenue

Citigroup traders have seen the best third-quarter performance in at least 10 years, benefiting from increased volatility in recent months. The Wall Street giant’s markets division saw a rise of 1% in revenue to $4.82 billion in the third quarter, a surprising increase after the company warned investors just a few weeks ago that market revenue would fall. The surge in stock trading revenue by 32% drove the growth of this business. Despite the surge in credit card bad loans dragging down profits for the quarter, the revenue of Citigroup’s other four major businesses (service, banking, wealth, and US private banking) also increased compared to the same period last year.