Reuters reports that Corbat, speaking at an investor conference in New York, said he expects second-quarter net income to be roughly flat with the first quarter of this year. In the first quarter, the company reported $3.5bn of profits, about 25% less than the $4.65bn it reported on an adjusted basis in the second quarter of 2015.
Citigroup is to post second-quarter results on July 15.
Citigroup has been grappling with a long-term decline in capital markets revenue and higher costs to comply with regulation.
To access the complete Reuters article hit the link below: