Citi Slumps After CFO Forecasts Huge Revenue Drop…”BANKING REVENUE DOWN 25%”

Tuesday, March 8, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/08/2016

Just two days ago, everything was awesome – oil was up, stocks were up, financials were ‘winning’ – and then question started about why credit risk hadn’t rallied like stocks. But today we get our slap back to reality as Citi CFO unleashes the following: CITIGROUP SEES INVESTMENT BANKING REVENUE DOWN 25%, FIXED INCOME, EQUITY TRADING REV DOWN 15% YOY. The stock is rapidly giving up its “everything’s fine” gains as Citi “hopes” for more rate hikes… but does not expect them.

The Rest…HERE

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