Citigroup Inc (XKAZ:C_KZ)

$ 71.4 0.72 (1.02%) Market Cap: 135.07 Bil Enterprise Value: 189.57 Bil PE Ratio: 20.71 PB Ratio: 0.70 GF Score: 42/100

Q3 2023 Citigroup Inc Earnings Call Transcript

Oct 13, 2023 / 03:00PM GMT

Release Date Price: $44.8 (+8.29%)

Transcript 8-K

Operator

Hello, and welcome to Citi's Third Quarter 2023 Earnings Call. Today's call will be hosted by Jen Landis, Head of Citi Investor Relations. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session. Also, as a reminder, this conference call is being recorded today. If you have any objections, please disconnect at this time. Ms. Landis, you may begin.

Jennifer Landis

Citigroup Inc. - Head of IR

Thank you, Jen, and good morning to everyone. I should touch briefly on the macro environment before reviewing the quarter and last month's organizational announcement. The global macro backdrop remains the story of desynchronization. In the U.S., recent data implies a soft landing, but history would suggest otherwise, and we are seeing some cracks in the lower FICO consumers.

In the euro area and the U.K., the picture has turned distinctly more negative. The summer weakness in industrial economies is spreading south and the weight of structurally higher

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