The US bank’s earnings of US$5 billion for the fourth quarter marked a strong finish to 2019 while structured products sales in its domestic market significantly increased during the period.

Citigroup has reported net income for the fourth quarter of 2019 of US$5 billion, or US$2.15 per diluted share, on revenues of US$18.4 billion. This compared to net income of US$4.3 billion, or US$1.64 per diluted share, on revenues of US$17.1 billion for the fourth quarter of 2018. Revenues increased seven percent from the prior year period, with strong results across both global consumer banking (GCB) and the institutional clients group (ICG). The latter’s revenues, at US$9.4 billion, i