Citigroup Expects Mid-Single-Digit Markets Revenue Growth in Q3
MT Newswires Live
Yesterday
Citigroup (C) expects revenue from its markets business to grow at a mid-single-digit rate in Q3 from a year earlier, Chief Financial Officer Gonzalo Luchetti said Monday.
Luchetti said the analysts' consensus forecast for the unit is broadly on track and that equities continue to show strong momentum.
Citigroup also expects its return on tangible common equity to exceed its previous full-year guidance of 10% to 11%, Luchetti said.
Citigroup shares were down 0.8% in Tuesday premarket trading activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.