Citigroup FICC and Trading Revenue Tops Expectations

The transcript discusses revenue estimates for major banks, focusing on Citigroup, Wells Fargo, and JP Morgan. Citigroup's performance is highlighted, noting strong business results despite credit costs. Wells Fargo faces challenges with reduced dividends and losses. The broader market and consumer behavior are also analyzed, with uncertainty being a key theme.

What was the estimated sales and trading revenue for Citigroup?

• $770 million

• $2.4 billion

• $4.59 billion

• $930.1 million

Which bank is mentioned as having its own unique story in terms of performance?

• Wells Fargo

• Bank of America

• JP Morgan

• Citigroup

What was the cost of credit across the three banks mentioned?

• $9 billion

• $20 billion

• $7.9 billion

• $2.4 billion

What was Wells Fargo's recent financial loss?

• $770 million

• $2.4 billion

• $930.1 million

• $4.59 billion

What was the new dividend amount for Wells Fargo?

• $0.10

• $0.51

• $0.21

• $0.20