Citi Sees Trading Revenue Down by Percentage in Low to Mid Teens
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Citigroup Inc. Chief Financial Officer Mark Mason said third-quarter trading will probably decline by a percentage in the low to mid teens from a year earlier.
The forecast for revenue from trading stocks and fixed-income products compares with the 15% slide analysts in a Bloomberg survey had been expecting. The bank is seeing bright spots in equities, especially within its prime business, Chief Financial Officer Mark Mason said at a conference hosted by Barclays Plc Tuesday.