At recent investors day, Citigroup Inc. (C) provided an outlook for investment banking (“IB”) fees. The bank forecasted a 50% increase in IB fees for the second quarter of 2024 on a year-over-year basis. The improved projections for merger advisory and debt and equity underwriting were the primary reasons behind this upbeat view. Further, Citigroup expects market revenues to be ‘flat to down marginally.’ Also, net interest income, excluding market business, is expected to be "modestly down." As per Bloomber ...