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Citi Q1 commodities revenue almost doubles as polar vortex hits

Posted on 06 May 2014

Citigroup Inc’s revenue from commodities transactions nearly doubled in the first quarter of 2014 year-over-year, making it the latest bank to benefit from this past winter’s soaring power and gas prices as the coldest weather in three decades gripped the United States.
The bank brought in $224 million in principal transactions revenue in “commodity and other contracts,” up almost 90 percent from the first quarter last year and just $43 million shy of its total commodities trading haul for all of 2013………………………………………..Full Article: Source


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