Citigroup Q3 IB Fees to Rise 20% on Upbeat Debt Capital Markets
Citi(C) ZACKS·2024-09-11 00:10
At the 2024 Barclays Global Financial Services Conference, Citigroup's (C) CFO, Mark Mason, stated that the company’s investment banking (IB) fees are anticipated to jump 20% in the third quarter of 2024 from the year-ago period. The projections of upbeat activity across debt capital markets and mergers and acquisitions are reasons behind this optimistic view.Meanwhile, Citigroup expects markets revenues to decline nearly 4% compared with last year’s relatively strong third quarter.At the same conference, o ...