Citigroup Seen Dropping 10% On Lower Revenue Forecasts

Citigroup Inc.'s (C) stock has fallen about 11% off its highs this year amid growing concerns about the outlook for America's biggest banks. That may be just the beginning. According to a technical analysis, the bank's shares may plunge an additional 10% from their current price of around $73. Such a drop would push down the stock 18% off its 2018 intraday high in January. A key force weighing on Citigroup's stock is its deteriorating revenue outlook. Analysts are reducing their revenue forecasts for the balance of 2018 and beyond, despite improving earnings.

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Spotlight

As digital transformation strategies take hold and organizations embrace a philosophy of data-driven decision-making, many functions that have traditionally communicated little with each other are coming together around a shared need for current and relevant information. In this environment, IT and tax departments have a signifi

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