Citigroup & JPMorgan Expect Q4 IB and Market Revenues to Rise

On Tuesday, at the Goldman Sachs 2024 U.S. Financial Services Conference, Citigroup, Inc. (C) and JPMorgan (JPM) unveiled their outlook for the fourth quarter of 2024 and full-year 2025.Citigroup’s OutlookRevenues: Citigroup’s chief financial officer, Mark Mason, anticipates that the bank will likely be able to reach the higher end of its revenue guidance of $80-81 billion for 2024. He mentioned that net interest income (NII), excluding markets, has surpassed expectations for this year. For 2024, the metric ...