Citigroup expects transaction revenue to increase significantly as it pushes for transformation.

Citigroup's Chief Financial Officer Gonzalo Luchetti said that due to active asset transactions, the bank is expected to experience a significant increase in revenue, and this round of growth is expected to be more sustainable than at the beginning of last year. Luchetti said at a financial conference hosted by Morgan Stanley on Tuesday that the bank's market business income is expected to achieve a high single-digit to low double-digit percentage year-on-year growth, significantly higher than the approximately 2% increase forecast by analysts in the media survey. He said that unlike the second quarter of last year, when the market was volatile due to the "tariff liberation day" launched by former U.S. President Donald Trump, the current market is showing a more widespread strong momentum, covering multiple areas such as stocks, derivatives, fixed income, foreign exchange, and commodities. "We also saw good trading volume in the second quarter," Luchetti said, "these trading volumes provide more stable income momentum for the entire business platform."