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

Tuesday, March 8, 2016
By Paul Martin

by Tyler Durden

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

Comments are closed.

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter