Citi CEO Says Expects Markets Revenue To Decline 8%-12% In Q1 Year On Year After Strong Q1 2023
Portfolio Pulse from Benzinga Newsdesk
Citi CEO announced at the RBC Capital Markets Conference that they expect the markets revenue to decline by 8%-12% in Q1 year on year, following a strong Q1 2023.
March 05, 2024 | 7:35 pm
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Citi expects an 8%-12% decline in markets revenue for Q1 year on year, following a strong performance in Q1 2023.
The announcement by Citi's CEO about the expected decline in markets revenue directly impacts investor sentiment and could lead to a short-term negative reaction in Citi's stock price. The specificity of the forecast and its presentation at a significant financial conference add weight to the impact.
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