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Citigroup CFO sees flat second-quarter markets revenue vs year earlier

Reuters  |  NEW YORK 

By David HenryNEW YORK (Reuters) - Citigroup Inc sees second-quarter markets revenue coming in "flattish" compared to a year earlier, Chief Financial Officer John Gerspach said on Wednesday.Speaking at an investors conference, Gerspach said the equities portion of total markets revenue will likely be stronger than that from fixed income and commodities trading.His outlook for markets revenue was similar to assessments given two weeks ago by executives of JPMorgan Chase & Co and Bank of America Corp.Gerspach also said the company could see more cost savings in its consumer banking operations ...

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First Published: Wed, June 13 2018. 19:48 IST