Citigroup second-quarter trading revenue trends tracking competitors: CEO

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June 1, 2017 5:14 PM EDT

A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar/Files

NEW YORK (Reuters) - Second-quarter trading revenue trends at Citigroup Inc (NYSE: C) were "in line" with recent descriptions by competitors, Chief Executive Mike Corbat said on Thursday.

Corbat spoke at an investor conference after executives from JPMorgan Chase & Co (NYSE: JPM), Bank of America Corp (NYSE: BAC) and Goldman Sachs Group Inc (NYSE: GS) said at conferences on Wednesday that trading revenue was down from a year ago on lower volatity and weaker client activity.

Corbat said the bank will give more details in a presentation later this month. JPMorgan described a decline so far of about 15 percent. Bank of America described a 10-to-12 percent decline.

Year-earlier results were boosted by trading ahead of the United Kingdom's vote on Brexit.

(Reporting by David Henry in New York; Editing by Jonathan Oatis)


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