Wells Fargos Third-Quarter Earnings Meets Estimates

The video discusses Citigroup's financial performance, highlighting a $1.15 per share profit, surpassing analyst expectations. Citigroup plans to exit consumer banking in 11 markets to focus on areas with competitive advantages and stronger returns. Wells Fargo's financial results are also covered, showing alignment with analyst estimates and business expansion into credit cards and investment banking. Additionally, Citigroup's Banamex unit investigation revealed illegal conduct, though it is not materially significant to their financials.

What are the two specific reasons Citigroup is exiting consumer banking in 11 markets?

What are some of the countries where Citigroup is looking to exit consumer banking?

How did Citigroup perform in terms of earnings per share compared to the average of analysts surveyed?

What actions is Wells Fargo taking in response to slowing demand for home loans?

What illegal conduct was found during Citigroup's investigation into its Banamex unit?