Investing
Citi CFO expects investment banking fees to rise 20% in third quarter By Reuters
By Tatiana Bautzer and Manya Saini
NEW YORK (Reuters) – Citigroup’s investment banking fees are expected to jump 20% in the third quarter from a year earlier, Chief Financial Officer Mark Mason told investors at a conference in New York on Monday.
The gains are being driven by a good pickup in activity across debt capital markets and mergers and acquisitions, Mason said.
Meanwhile, markets revenue is likely to drop about 4%, he added.
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