Shares of Citigroup Inc (C) rose over 1% on Tuesday after the bank’s chief financial officer (CFO) Mark Mason reportedly said the lender expects 25% to 30% year-over-year rise in its investment banking fees in the fourth quarter of 2024.

Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will grow by a "high-teens" percentage, Chief Financial Officer Mark Mason said on Tuesday.

Citigroup's (NYSE:C)  investment banking fees are expected to climb 25%-30% Y/Y in Q4, and market revenue is expected to rise by "high-teens" percentage, Chief Financial Officer Mark Mason said Tuesday at a financial industry conference.