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Jun 18, 2024
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we heard how jane fraser is putting that in the spotlight.ali basak, what is the story with citi moving all of its eggs to the money moving basket? sonali: we are talking about citi's services investors day. it is something that has been traditionally very hard to explain to investors. it is the plumbing of the financial universe here. they move money around for corporations around the world. ultimately, about $5 trillion a day. large clients, amazon, uber, the u.s. government are among clients for this business at citigroup. that amounts to roughly half of its profit. it is hard to describe to investors, which is why they are having this investor day today. the key question here is what about the other businesses? the wealth management business, the investment banking business where there is a new leader, do they also have the promise of having their own investor days in the future? by and large, jane fraser stood up to investors and said we are no longer the financial supermarket of the past. we are honing in on these five businesses. matt,
we heard how jane fraser is putting that in the spotlight.ali basak, what is the story with citi moving all of its eggs to the money moving basket? sonali: we are talking about citi's services investors day. it is something that has been traditionally very hard to explain to investors. it is the plumbing of the financial universe here. they move money around for corporations around the world. ultimately, about $5 trillion a day. large clients, amazon, uber, the u.s. government are among clients...
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Jun 13, 2024
06/24
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jamie dimon, jane fraser, brian moynihan, and tim cook are said to be among those expected to attend.uzz on your bloomberg terminal. look at these markets, s&p 500 flipped into negative territory, .1% or so lower right now. nasdaq 100 holding onto those gains but not quite as robust as they were about half an hour ago, still higher buy about .3 percent. small-cap losses intensifying. coming up, the c-suite view on the latest inflation rate with nick pinchuk of snap-on and oscar debok of dhl supply chain, next. this is bloomberg. ♪ ed the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo caroline: we know that u.s. producer. katie: we know that u.s. producer prices declined for the first time since october. definit
jamie dimon, jane fraser, brian moynihan, and tim cook are said to be among those expected to attend.uzz on your bloomberg terminal. look at these markets, s&p 500 flipped into negative territory, .1% or so lower right now. nasdaq 100 holding onto those gains but not quite as robust as they were about half an hour ago, still higher buy about .3 percent. small-cap losses intensifying. coming up, the c-suite view on the latest inflation rate with nick pinchuk of snap-on and oscar debok of dhl...
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Jun 18, 2024
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fraser called the firm's crown jewel.corporate clients to move money around the world through liquidity management, payments or trade, just to name a few. despite being one of citi's five businesses the service comprised half of the net income in 2023. in today's remarks frazier said she thinks there's still an opportunity to grow mark share here. >> last year was a record year for services. while the business has undoubted benefitted from higher rates, we also experienced growth across all key drivers including cross-border transactions, u.s. dollar clearing volumes, commercial card volumes, trade loans. the list goes on. i am confident that we will continue to see more growth in these areas, even in a lower rate environment. there is just considerable opportunity to win new clients and to deepen relationships with existing ones, and we are continuing to invest in our capabilities to make sure we capture that. >> citi published a deck with target. the firm expects services revenue growth through 2026 to be low to mid sin
fraser called the firm's crown jewel.corporate clients to move money around the world through liquidity management, payments or trade, just to name a few. despite being one of citi's five businesses the service comprised half of the net income in 2023. in today's remarks frazier said she thinks there's still an opportunity to grow mark share here. >> last year was a record year for services. while the business has undoubted benefitted from higher rates, we also experienced growth across...
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Jun 25, 2024
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a big piece in the journal about jane fraser and the turn-around at citi, and the fact it's been 80%t that was a really -- an unwarranted negative piece. the stock is up 19% this year. she's done a very, very good job. that piece had too many long knives for me. i think she's done a really great job. the idea that piece basically said nothing has happened since corvette -- if you step back, it was like, to be sure but she's done this right. i thought that piece was damning with feign praise. >> a couple desks pointed out last time banks traded well afterwards. if basel iiim is more dovish, does that give management more connie dense about buybacks? >> it should. i know wells have been buying back. the one i've been watching is bank of america. they're all up 18, 19, 20. jpmorgan had a remarkable move yesterday. the group wants to go higher. in the end there are buyback machines and you can't buy back. they all depend on the last quarter. so i would advise people, that move -- now you've got to wait. you've got to wait. they're going to report, and whatever you try to pull off here is
a big piece in the journal about jane fraser and the turn-around at citi, and the fact it's been 80%t that was a really -- an unwarranted negative piece. the stock is up 19% this year. she's done a very, very good job. that piece had too many long knives for me. i think she's done a really great job. the idea that piece basically said nothing has happened since corvette -- if you step back, it was like, to be sure but she's done this right. i thought that piece was damning with feign praise....