Citigroup CFO Mark Mason Says Revenue Expected To Be On Lower End Of Guidance, Around $78B
Portfolio Pulse from Benzinga Newsdesk
Citigroup CFO Mark Mason indicated that the company's revenue is expected to be on the lower end of its guidance, around $78 billion, according to Reuters.
December 06, 2023 | 1:53 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Citigroup CFO Mark Mason's statement suggests that the bank's revenue will be at the lower end of the expected range, around $78 billion.
The CFO's statement directly pertains to Citigroup's financial performance, indicating a cautious revenue outlook which could potentially lead to a negative investor sentiment in the short term. This may result in downward pressure on the stock price as the market adjusts to the updated revenue expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100