Citigroup expects investment banking and trading revenues to achieve mid-single-digit growth in the third quarter.

Citigroup said that in the context of market turmoil and a rebound in trading activity, its investment banking business fees and trading revenue in the third quarter showed a mid-single-digit percentage growth trend. Chief Financial Officer Mark Mason said at the Barclays Financial Services Conference on Tuesday, "We see strong momentum in all investment banking products," so related fees are expected to remain "strong." Previously, Citigroup's performance in the second quarter was strong, with the trading department achieving its best performance in five years, benefiting from record trading volumes. The revenue growth of Citigroup's investment banking division also exceeded expectations, with fee income growing 13% year-on-year.