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MAR 05, 2014 - TheStreet

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Citigroup EPS Estimates Cut Significantly

NEW YORK (TheStreet) -- Citigroup  has had its share of bad news lately, and analysts are making major cuts to their 2014 earnings forecasts for the bank, following a presentation by the company's CFO John Gerspach on Monday. Gerspach at the Raymond James Institutional Investors conference on Monday said, "in total we currently see our markets revenues being down by a high mid-teens percentage year over year." The CFO also said first-quarter investment banking revenue was "tracking lower" and that expenses would be "modestly higher than the fourth quarter." Atlantic Equities analyst ... Read More

Tags: Citigroup EPS Estimates Cut Significantly,  Jpmorgan Chase Latest News