
Citigroup Inc.'s Chief Financial Officer, Mason, expressed optimism about the bank's performance and the global economic outlook for the coming year. The CFO highlighted a pro-growth sentiment extending to 2025, with expectations of high single-digit increases in US consumer spending. Citigroup anticipates a significant rise in investment banking fees, projecting a 25% to 30% increase year-over-year for the fourth quarter. The bank also expects its markets revenue to grow in the high teens year-over-year, with full-year revenue guidance holding at the high end of the $80 billion to $81 billion range. Additionally, the CFO noted that countries like India, Brazil, Mexico, and Japan show promise for growth in 2025, while the global economy continues to prove resilient.


JPMORGAN $JPM CONSUMER CEO: 4Q Investment Banking Fees expected to rise 45% YoY; 4Q Net Interest Income (NII) and expenses will be "a bit better" than consensus.
$JPM Rips higher on NII comments.
$JPM *JPMORGAN SHARES SPIKE TO SESSION HIGH AFTER EXECUTIVE COMMENTS *LAKE: 4Q IB FEES COULD RISE 45% FROM A YEAR EARLIER *LAKE: 4Q NII AND EXPENSES WILL BE A BIT BETTER THAN CONSENSUS https://t.co/p9HbDtNK3y