Citigroup sees &#039high teens&#039 share decrease in fourth-quarter marketplaces revenue


Citigroup Inc fourth-quarter marketplaces revenue is on monitor to be down by a “high-teens” share from a year previously, Chief Monetary Officer John Gerspach claimed on Wednesday.

FILE Photograph – The Citigroup Inc (Citi) emblem is witnessed at the SIBOS banking and monetary conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren

NEW YORK: Citigroup Inc fourth-quarter marketplaces revenue is on monitor to be down by a “high-teens” share from a year previously, Chief Monetary Officer John Gerspach claimed on Wednesday.

Talking at an trader conference held by bank stock analysts at Goldman Sachs, Gerspach claimed the decrease is mainly from lessen investing in mounted income and compares with an specifically solid time period in 2016.

On Tuesday executives from JPMorgan Chase & Co and Lender of American Corp claimed their investing revenues are running about 15 % less than a year previously.

(Reporting by David Henry in New York Editing by Susan Thomas)



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