Citigroup Beats Wall Street Estimates

According to Reuters, Citigroup Inc beat Wall Street profit estimates on Monday as lower expenses offset a drop in quarterly revenue, stemming from year-end volatility in its fixed-income trading business.
Citi is the first of the major U.S. banks to report fourth-quarter results. Wall Street majors JPMorgan Chase & Co, Bank of America Corp and Goldman Sachs will report later this week.
Citi officials also said they had yet to see an effect on business from a partial U.S. shutdown but that could change if the shutdown continues.