Citigroup sees &#039high teens&#039 share decrease in fourth-quarter markets income


Citigroup Inc fourth-quarter markets income is on observe to be down by a “large-teens” share from a yr previously, Chief Money Officer John Gerspach explained on Wednesday.

FILE Photo – The Citigroup Inc (Citi) emblem is found at the SIBOS banking and money conference in Toronto, Ontario, Canada Oct 19, 2017. REUTERS/Chris Helgren

NEW YORK: Citigroup Inc fourth-quarter markets income is on observe to be down by a “large-teens” share from a yr previously, Chief Money Officer John Gerspach explained on Wednesday.

Speaking at an investor conference held by bank inventory analysts at Goldman Sachs, Gerspach explained the decrease is mainly from lessen buying and selling in set profits and compares with an primarily sturdy period in 2016.

On Tuesday executives from JPMorgan Chase & Co and Lender of American Corp explained their buying and selling revenues are jogging about fifteen % less than a yr previously.

(Reporting by David Henry in New York Editing by Susan Thomas)



Resource link
NEWSFEEDCNA

Post navigation

Leave a Reply

Your email address will not be published. Required fields are marked *