Citigroup CFO Projects Q2 Trading Revenue Up High Single/Low Double Digits, Investment Banking Up Mid-Teens
C sits 76% above its 52-week low of $76.11.
Summary
Citigroup's CFO, Gonzalo Luchetti, projects a significant increase in second-quarter revenue, with trading revenue expected to rise by high single to low double digits. Additionally, investment banking revenue is anticipated to grow by a mid-teen percentage. This positive forward guidance from a key executive provides an early indication of strong performance in core business segments, building on the company's robust first-quarter results which saw a 42% profit increase.
At the time of this announcement, C was trading at $134.29 on NYSE in the Finance sector, with a market capitalization of approximately $231B. The 52-week trading range was $76.11 to $135.93. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.