Key Takeaways Citigroup projects mid-20% y/y growth in 4Q25 investment banking fees, driven by deal-making momentum. Management cited mega deals and investment-grade activity as key contributors to IB fee growth. Markets revenues are expected to fall y/y in the low to mid-single digits despite investment banking strength.At the 2025 Goldman Sachs U.S. Financial Services Conference, Citigroup, Inc.’s (C) chief financial officer Mark Mason stated that the company’s investment banking (IB) fees are expected to ...