Citigroup CFO Mark Mason Expects Net Interest Income Excluding Markets To Be Modestly Down This Quarter
Portfolio Pulse from Benzinga Newsdesk
Citigroup CFO Mark Mason announced that the bank expects net interest income, excluding markets, to be modestly down this quarter.
June 18, 2024 | 4:36 pm
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Citigroup CFO Mark Mason announced that the bank expects net interest income, excluding markets, to be modestly down this quarter. This could indicate potential challenges in the bank's core lending and deposit-taking activities.
A decline in net interest income suggests that Citigroup may face challenges in its core banking operations, which could negatively impact investor sentiment and the stock price in the short term.
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