Citigroup buoyed by capital markets, economy | Reuters

Citigroup buoyed by capital markets, economy | Reuters: (Reuters) - "Citigroup Inc's quarterly profit beat Wall Street estimates as the third-largest U.S. bank cut expenses and benefited from an improved economy and more active capital markets after a dismal end to 2011."

The expense cuts included the layoff of 4,500 employes in January of this year. Will JP Morgan do the same?