Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Citigroup Sees Drop in Fourth-Quarter Capital-Markets Revenue

Don't Miss Out —
Follow us on:

Dec. 10 (Bloomberg) -- Citigroup Inc. Chief Financial Officer John Gerspach said fourth-quarter revenue from capital markets and investment banking will probably fall short of last year’s final three months.

“As we look to the fourth quarter, the capital markets environment remains somewhat muted with revenues tracking slightly below the same period last year,” Gerspach said at an investor conference in New York today. Revenue from investment banking will be “down somewhat” from the prior year, he said.

Fourth-quarter results for investment banking will probably be higher than in the third quarter, helped by mergers and acquisitions and equity underwriting, Gerspach said.

Citigroup, the third-largest U.S. lender, reported $996 million in revenue from investment banking in last year’s fourth quarter, according to a Jan. 17 statement. The New York-based bank posted $2.71 billion in revenue from fixed-income markets, and $455 million from equity markets in 2012’s final quarter, excluding some accounting adjustments.

To contact the reporter on this story: Dakin Campbell in New York at

To contact the editor responsible for this story: Peter Eichenbaum at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.