Key Highlights of Citigroup's Q1 Earnings Report
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Citigroup CEO Jane Fraser announced that Citigroup has completed about 90% of its transformation and plans to detail future plans at the Investor Day on May 7. Citigroup’s markets business performed excellently, with equities revenue growing 39% to $2.1 billion, reaching a record high. She clearly denied rumors of acquiring regional banks, emphasizing that the company will focus on “organic growth.” The company disclosed a $22 billion private credit exposure and highlighted that it has passed stress tests with zero losses. Citigroup also confirmed that the IPO of Banamex, the Mexican national bank, will be postponed until 2027. View more
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