Read more
6:08 PM · 16 June 2021

Citigroup stock falls 4% as company expects lower revenue

-
-
Open account Download free app

Citigroup (C.US) stock plunged nearly 4.0% after Bloomberg reported that one of the top investment banking companies warned of rising costs and declining revenue. Chief financial officer Mark Mason announced that he expected second-quarter expenses to increase to somewhere between $11.2 billion and $11.6 billion, according to Bloomberg. Meanwhile trading revenue is expected to decline by about 30% compared to previous year’s levels. Today's Fed meeting may turn out to be crucial for Citigroup and other financial companies in the short term. If the central bank maintains its dovish message, treasury yields may fall, which will be negative for financial stocks.

Citigroup (C.US) stock broke below upward trendline and 50 SMA (green line) this week and downward move is being continued today. Stock launched today's session with a bearish price gap and is currently approaching the lower limit of the 1:1 structure at $69.29. Should break lower occur, then downward move may accelerate towards major support at $61.80. Source: xStation5

30 March 2026, 5:02 PM

Microsoft and the Next Phase of AI: Market Focus on Adoption and Profits

30 March 2026, 3:01 PM

US Open: A Tentative Start to the New Week on Wall Street!

27 March 2026, 6:24 PM

Anthropic leak and a cybersecurity sell-off

27 March 2026, 5:22 PM

Unity up 10% 🚨 A revolution at the company?

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits