Citigroup Inc. ( C ) shares are trading higher today. The bank reportedly agreed with the Bourse de Montreal to settle claims of failing to report large options contract positions.

The exchange noted that Citigroup ( C ) lacked a system to ensure employee compliance with reporting rules, reported Reuters.

As part of the settlement, Citi will pay a $138,000 fine and $10,600 in related costs.

Last week, the U.S. bank regulator Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) have fined Citigroup ( C ) $135.6 million for failing to comply with a 2020 enforcement action.

The fine includes the $60.6 million fine from the Federal Reserve and additional penalties imposed by the OCC.

This penalty is part of a larger effort, coordinated with the Office of the (OCC), to address ongoing issues with Citigroup’s data quality management and risk controls.

Recently, Citigroup ( C ) reported second-quarter FY24 revenue growth of 4% Y/Y to $20.14 billion, beating the analyst consensus estimate of $20.07 billion and EPS of $1.52 beat the analyst consensus estimate of $1.39.

Citigroup ( C ) stock has gained more than 36% in the last 12 months. Investors can gain access to the stock via First Trust Nasdaq Bank ETF ( FTXO ) and Opal Dividend Income ETF ( DIVZ ) .

Also Read: Citigroup’s Growth Streak Continues: Analysts Unpack Q2 Insights

Price Action: C shares are down 0.15% at $64.79 premarket at the last check on Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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