Die Citigroup (one of its largest US banks) has many quarter reduction minutes. Hier die wichtigsten Eckdaten.

The amount reaches 20.32 billion dollars (before 20.14 / for an amount of 19.8).

The price of the asset is worth $1.51 for the asset (Vorjahresquartal 1.63/für heute erwartet 1.31).

The Citigroup company was rated in the public sector with +2.14%.

Comment from the CEO: Jane Fraser, CEO of Citi, said: “In a pivotal year, this quarter provides ample evidence that we are moving in the right direction and that our strategy is gaining traction, including positive operating leverage for each of our business, stock gains and expense growth. As we continue to make substantial investments in our number one priority – our transformation – efficiencies resulting from our simplification and other efforts have resulted in a 2% reduction in spending. We built on our long history of innovation by launching a new cross-border payments capability with Mastercard and a $25 billion private credit partnership with Apollo, while continuing to attract top talent to our business.

“Services delivered a record quarter, driven by growth in loans, deposits and assets, as well as new mandates. On the Markets, income is up with an increase of 32% on Equities. Revenue at the investment bank rose 31%, largely due to the issuance of investment-grade debt. We are also starting to see the positive impact of the changes we have implemented in our Wealth Management business, with revenue up 9%, including strong growth in client investment assets and investment fee income. . U.S. personal banking revenue grew 3%, with branded cards growing 8%, with account acquisitions, spending and payment rates leading to higher interest-earning balances.

“Our amazing people continue to serve our customers through our diverse business model and strong balance sheet. We are on track to meet our spending and revenue targets for the year and look to close out 2024 with momentum as we prepare for 2025,” Ms. Fraser concluded.

Comments and readings, click here