Citigroup Beats on Fixed Income, Wells Fargo Earnings Slip

The video discusses the financial performance of City and Wells Fargo. City's earnings exceeded expectations with a revenue increase of 1%, influenced by asset sales in Mexico. Wells Fargo's net interest income and earnings were below expectations, marking the first quarter for new CEO CC Scharf. The video also covers market activity, noting improved client activity in derivatives but decreased equity market activity.

What was the overall revenue reported by City?

What factors contributed to the changes in equity markets according to the report?