Citi Reports Strong Earnings Across the Board, Announces $20B Buy Back

The transcript discusses Citigroup's strong performance in FICC sales and trading, exceeding market expectations. It highlights a $20 billion buyback and improved investment banking revenue. Despite lowering return on tangible common equity targets, Citi's turnaround story is emphasized, with a focus on maintaining profitability amidst regulatory challenges. The discussion includes revenue projections, risk management strategies, and competitive analysis with JP Morgan and Goldman Sachs.

What was the market's reaction to Citigroup's investment banking revenue?

• It was not mentioned.

• It exceeded expectations.

• It met expectations.

• It was below expectations.

What is Citigroup's new target for return on tangible common equity for 2026?

• Between 10 and 11%

• Between 11 and 12%

• Between 8 and 9%

• Between 12 and 13%

How does Citigroup's valuation compare to JP Morgan and Goldman Sachs?

• It is higher than Goldman Sachs.

• It is the same as JP Morgan.

• It is lower than both.

• It is higher than both.

What strategic move is Citigroup planning to reduce risk?

• Expand into new international markets

• Focus on retail banking

• Partner with private credit firms

• Increase investment in stocks

What is the revenue projection range for Citigroup in 2025?

• 80 to 81 billion

• 81.5 to 82.5 billion

• 83.5 to 84.5 billion

• 85 to 86 billion