New York (Reuters) – The benefit of the first quarter of Citigroup increased during the first quarter, the volatility of the markets that stimulated action, a leap already reported by other banks of Wall Street such as Jpmorgan Chase, Goldman Sachs and Morgan Stanley.

Stock market transactions have skyrocketed in the first three months of the year, investors who rebalanced their portfolios due to the increased uncertainty linked to the customs duties of the American president Donald Trump and the emergence of the low-cost AI model of the Chinese start-up Deepseek.

“We continue to help our customers sail in an uncertain environment,” said Citi director of Citi, Jane Fraser.

“When everything is said and done, and the long-standing commercial imbalances and other structural changes will be behind us, the United States will remain the first world economy and the dollar will remain the reserve currency,” she added.

Revenues from Citi market activity increased by 12% during the quarter to reach $ 6 billion, exceeding the previous expectations of an increase of approximately 5% (“Mid-Single Digit Percentage”).

Revenues drawn from the trading of shares increased 23%, thanks to increased activity on the part of customers.

Turnover from fixed income securities, one of the main engines in Citi’s market activity, jumped from 8% to 4.5 billion dollars, under the effects and currencies.

The American bank’s net profit increased between January and at the end of March to reach $ 4.1 billion, or $ 1.96 per share, after $ 3.37 billion, $ 1.58 per share, a year earlier.

The results of the major American banks are closely monitored in this tense commercial context, several bosses of Wall Street having warned of the potential consequences of customs duties imposed by Donald Trump, who have darkened economic prospects and fear a recession in the world’s first economy.

(Written by Arasu Kannagi Basil in Bangalore and Tatiana Bautzer in New York; Diana Mandia; edited by Augustin Turpin)

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