Stock prices of money center banks in the U.S., like Bank of America, Citi, Goldman Sachs, and JPMorgan, are surpassing the S&P 500, pointing to a positive trend in trading and investment banking revenues.
Citigroup stands out with a remarkable 20% beat of Morgan's price target, showcasing its transformation from a longtime under-performer to a strong contender in the banking sector.
Citi's recent quarterly report displaying impressive net income and earnings per share highlights its significant progress and success in executing its business strategy.
CEO Jane Fraser emphasized the positive results as indicators of Citi's advancements in strategy execution and the advantages of its diversified business model.
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