Citi CFO Sees Higher Expenses In Second Half Of 2024 Vs First, Expects FY Expenses Within Guidance
Portfolio Pulse from Benzinga Newsdesk
Citi's CFO anticipates higher expenses in the second half of 2024 compared to the first half, but expects full-year expenses to remain within the company's guidance.
September 09, 2024 | 3:01 pm
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NEUTRAL IMPACT
Citi's CFO has indicated that the company expects higher expenses in the latter half of 2024 compared to the first half. However, the full-year expenses are projected to remain within the company's guidance.
The news suggests a potential increase in operational costs for Citi in the second half of 2024, which could concern investors. However, the reassurance that full-year expenses will remain within guidance may mitigate negative sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90