Citi CFO Mark Mason discusses first quarter 2024 earnings.

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“We have a great franchise around the world, with great clients who are served by great colleagues. I am pleased with where we are, and I’m excited about where we are going.” – Jane Fraser, CEO

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“USPB had double-digit revenue growth for the sixth straight quarter. We feel good about our position and resiliency as a prime, lend-centric issuer and are seeing positive momentum across proprietary card and partner card businesses.” – Jane Fraser, CEO on.citi/3Jf1jqU

“The rebound in Banking gained speed during the quarter, led by near record levels of investment grade debt issuance as improved market conditions enabled issuers to pull forward activity.” – Jane Fraser, CEO
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“We fully integrated our Financing and Securitization capabilities within our Markets business and we started to see the benefits of having a unified spread product offering for our clients.”– Jane Fraser, CEO
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“Services continues to perform well and generate very attractive returns. Revenue was up 8% for the quarter as both businesses won new mandates and deepened relationships with existing clients.” – Jane Fraser, CEO
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“As you know, given its magnitude and scale, the Transformation is a multi-year effort to address issues that have spanned over two decades.” – Jane Fraser, CEO

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“We are now more client-centric, and are already seeing faster decision making and a nimbler organization at work.” – Jane Fraser, CEO

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“I said 2024 will be a pivotal year for us as we put our business and organizational simplification largely behind us and focus on two main priorities: the Transformation and the performance of our businesses and the firm.” – Jane Fraser, CEO
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CEO Jane Fraser and CFO Mark Mason discuss Q1 2024 financial results with analysts and investors.
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Citi CEO Jane Fraser discusses first quarter 2024 earnings.

Read the full report: on.citi/49y7IrZ

Citigroup reports first quarter 2024 earnings.

Read the full report here: on.citi/3vGtZpN

Reminder: Check back at approximately 8 a.m. ET tomorrow for first quarter results. on.citi/3vOcd3K

What is the #Paralympics and how is it transforming #Sport and society?

Hear Lauren Steadman MBE talk about why #MentalHealth matters in #Sport and what she’s doing to help athletes like herself.
#GoodThingsHappen #ParaSport #Paralympics
on.citi/4aP0Gjz

'We think that there's enough signs of slowing in the economy that the Fed is in a spot where they really want to cut.'

Citi Global Economist Robert Sockin sees a U.S. recession on the horizon, predicting interest rates will be lowered five times in 2024.

In Episode 1 of #GoodThingsHappen discover how Citi internships are breaking barriers and changing lives. #SocialMobility #UK

Listen here: on.citi/3xbzoWh 👂 🎧 📻

📣 Hot off the presses: Hyperledger Foundation is welcoming Citibank and Bevy Seejattan as new members and launching the Hyperledger Besu Financial Services Working Group.

#HyperledgerDigitalAssets #HyperledgerBesu #opensource #blockchain
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'We do think that a recession is still likely.'

Citi Global Economist Robert Sockin expects a deeper economic slowdown to take hold in the U.S. this year, but says he'll update his view if he sees more evidence of services inflation decreasing.

The 2024 IWBF ➡ #WheelchairBasketball Asia Oceania Championships had its highest-ever female participation rate this #InternationalWomensDay , but our work is not yet finished.
Together, we can continue to remove barriers for athletes around the world with #ParaSport .

Citi’s Co-CIO Shadman Zafar recently shared his thoughts on why Generative AI will have an impact on how we work for decades to come. Read more in American Banker #GenerativeAI #Innovation on.citi/4309Rel