Citigroup still expects annual revenue of $80 billion to $81 billion

Citigroup Inc. still expects full-year revenue to be in the range of $80 billion to $81 billion as it capitalizes on the rebound in the banking portfolio and refocuses its wealth management strategy to drive revenue growth from the investment

The bank expects full-year costs to be in line with guidance of $53.5 billion to $53.8 billion, excluding a special FDIC assessment and civil money penalties, though more likely in the ‘upper end of this range.