Citigroup (NYSE:C) has warned that trading revenue will likely fall by around 30% from a year ago.
- With Recession Fears Mounting, How Is Our Inflation Theme Doing?
- These Stocks Fared Well As Inflation Roiled Markets. Will The Outperformance Continue?
- With Inflation Likely To Ease, Should You Sell These Stocks?
- This Theme Has Soared Despite Rising Inflation. Is It Still A Buy?
- Is Citigroup Stock Undervalued?
- Company Of The Day: Citigroup
The pandemic-driven boom and volatility in the stock markets appear to be cooling off and this should reflect in Citi’s trading business. Other banks including JPMorgan and Morgan Stanley have also indicated that they could see similar trends.
Citi stock declined by almost 3% in Wednesday’s trading, on account of the Federal Reserve statement and its outlook for its trading operations.
Looking for a balanced portfolio to invest in? Here’s a high-quality portfolio to beat the market, with over 150% return since 2016, versus 85% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.