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Citigroup Stock Under Pressure on Concerns About Earnings

June 7, 2023
in Trade Tube
Reading Time: 1 min read
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Shares of Citigroup fell Friday morning after company CEO Mike Corbat suggested Citi’s second quarter net income will drop by 25% when it reports results in mid-July. Corbat was speaking at an investor conference in New York and said second quarter net income will be about flat when compared to the first quarter, according to Reuters.

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