Citi CEO Says Expect To See Growth Slowing Globally In 2024
Portfolio Pulse from Benzinga Newsdesk
During a conference call, the CEO of Citigroup Inc. indicated that global growth is expected to slow down in 2024. This statement may influence investor sentiment regarding the economic outlook and potentially affect financial sector stocks.
January 12, 2024 | 5:23 pm
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Citigroup's CEO has forecasted a slowdown in global growth for 2024, which could lead to cautious investment strategies and potentially impact Citigroup's revenue and stock price.
The CEO's statement on expected global growth slowdown could lead to a negative investor sentiment towards Citigroup, as slower economic growth often results in reduced banking activity and profitability. This could result in a short-term negative impact on Citigroup's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100