Citigroup is bracing for trading revenues to take a plunge
NEW YORK (Reuters) - Citigroup Inc third-quarter total markets revenue is running about 15 percent less than a year earlier when volatility was boosted by reactions to the Brexit vote and U.S. elections, Chief Financial Officer John Gerspach said on Monday at an investor conference.
Gerspach's outlook was similar to the 12 percent decline anticipated by Barclays analyst, and conference host, Jason Goldberg, in a preview for the event being held through Wednesday.
(Reporting by David Henry in New York; Editing by Chizu Nomiyama)
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