Citi CFO Says NII Guidance Looks Modestly Down YoY
Portfolio Pulse from Benzinga Newsdesk
Citi's CFO announced that the net interest income (NII) guidance for the year is expected to be modestly down compared to the previous year. This announcement was made during a conference.
September 09, 2024 | 2:52 pm
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Citi's CFO has indicated that the net interest income (NII) guidance for the year is expected to be modestly down compared to the previous year. This could signal potential challenges in revenue growth for the bank.
The announcement of a modest decline in NII guidance suggests that Citi may face challenges in maintaining its revenue growth, which could negatively impact investor sentiment and the stock price in the short term.
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