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Citigroup's Stock Performance and Revenue Outlook
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Citigroup's stock has underperformed the S&P 500, with a 12% YTD gain and a decline of 15% from early 2021. The company reported a 9% year-over-year increase in revenues, with a 16% growth in net interest income. However, we anticipate a potential drop in revenues for FY2023, with an adjusted net income margin forecasted to see a slight decrease.
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How might Citigroup's underperformance compared to the S&P 500 impact investor confidence in the company?
How might the slight decrease in the adjusted net income margin affect Citigroup's overall financial outlook?
What factors could contribute to the anticipated drop in revenues for FY2023?
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