Bank Earnings:Historical Results/2023 Q1: Difference between revisions

Bank Earnings:Historical Results/2023 Q1 (view source)

187 bytes added , 18 April 2023

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 |$19.99 billion
 |$21.45 billion
-|"Our two cards businesses are showing momentum. While it is not an ideal environment for wealth management, the drivers of this business continue to be very positive." Citi CEO Jane Fraser said.
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 |$1.98 billion
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+|Net credit losses
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+|$1.3 billion(+49% Y/Y and 10% Q/Q)
+|CEO Jane Fraser said, "“We can’t just rely on FICO scores for assessing the credit of our customers and our portfolio.”  She added, “There is a tremendous amount of data that we draw upon that goes well well beyond that and that’s also, as you can imagine, something that gives us a lot more confidence.”
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