John Gerspach, Citigroup Inc.'s (C) chief financial officer, said Wednesday, June 13, that he expects trading revenue for the market in the second quarter to be "flattish."
In an interview at Morgan Stanley's Financials Conference, Gerspach said his company had predicted a "normal seasonal slowdown" for the market. "That's exactly what we're seeing right now," he said.
In the second quarter, the market will see higher equities trading in comparison to commodities and fixed income trading, Gerspach said.
Gerspach's outlook echoes similar recent sentiments expressed by executives from JPMorgan Chase & Co. and Bank of America Corp.