Citi warns trading revenue to decline, BofA is ‘doing OK’

TRADING REVENUE and investment-banking revenue are expected to drop at Citigroup Inc. as a result of market volatility due, in part, to U.S.-China trade tensions, Argentine politics and the U.K.'s planned exit from the European Union. / BLOOMBERG FILE PHOTO/MARK KAUZLARICH
NEW YORK – Citigroup Inc. trading revenue is set to drop this quarter amid volatility that gripped markets for most of August, while a top Bank of America Corp. executive said his traders are “doing OK” in the period. Investment-banking revenue at Citigroup is also likely to decline from a year earlier, Chief Financial Officer…

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