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Citigroup Shares Drop as Rate-Cut Expectations Shift to 2027

Citigroup logoCitigroup
Sig1.72Sen-0.69Env0.00Soc0.00Gov0.00

Citigroup shares slid about 1.1% after the bank’s economists pushed the first expected Federal Reserve rate cut out to 2027. Citi expects cuts to start in June and continue through three quarter-point moves in the year. While Q2 revenue rose 14% and net income jumped 45%, expenses increased 5% and net credit losses hit $2.4 billion, alongside a premium valuation versus tangible book.

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