NEW YORK, Dec 9 (Reuters) – Citigroup Chief Financial Officer Mark Mason said on Tuesday that fourth-quarter investment banking fees are expected to be increase by a percentage in the mid 20s compared with a year earlier.
“On the investment banking side, we’re seeing continued momentum, particularly in M&A,” Mason said at the Goldman Sachs U.S. Financial Services Conference.
Markets revenue is expected to be down in the low-to-mid single digits compared with a year earlier, Mason said.
(Reporting by Tatiana Bautzer in New York and Arasu Kannagi Basil in Bengaluru; editing by Lananh Nguyen and Leslie Adler)
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