Citigroup CFO sees fourth-quarter markets results slipping

(Reuters) – Fourth-quarter capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc (NYS:C) Chief Financial Officer John Gerspach said on Tuesday. Year-ago results, against which the current quarter will be compared, were driven by exceptionally strong debt underwriting, said Gerspach, who spoke at a conference for investors held by Goldman Sachs Group Inc (GS) in New York. Citigroup, the third-biggest U.S. bank by assets, is expected to report fourth-quarter and full-year results in the middle of January. Citigroup shares were down 0.7 percent in mid-afternoon trading in New York at $51.75.


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