Citigroup Sees Markets Revenue Rise Up to 10% as Trading Momentum Outruns 2% Forecast
Updated
Updated · Bloomberg · Jun 9
Citigroup Sees Markets Revenue Rise Up to 10% as Trading Momentum Outruns 2% Forecast
2 articles · Updated · Bloomberg · Jun 9
Summary
Citigroup told investors its markets revenue is on track for a high single-digit to low double-digit percentage increase, a much stronger outlook than analysts’ 2% gain estimate.
Gonzalo Luchetti said trading strength spans asset classes and looks more durable than it did early last year, pointing to broader momentum in the business.
The upbeat trading forecast adds to evidence that CEO Jane Fraser’s turnaround is gaining traction at a key profit engine for the bank.