UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9924 Citigroup Inc. (Exact name of registrant as specified in its charter) Delaware 52-1568099 (State or other jurisdiction of inco ...

Citigroup Inc. (NYSE:C) Q2 2023 Earnings Call Transcript July 14, 2023 11:00 AM ET Company Participants Jen Landis - Head, Investor Relations Jane Fraser - Chief Executive Officer Mark Mason - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore ISI Jim Mitchell - Seaport Global Betsy Graseck - Morgan Stanley Mike Mayo - Wells Fargo Securities Erika Najarian - UBS Steven Chubak - Wolfe Research Ebrahim Poonawala - Bank of America Matt O’Connor - Deutsche Bank Gerard Cassidy - RBC Cap ...

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Summary of Citigroup Inc. Conference Call Company Overview - **Company**: Citigroup Inc. (NYSE:C) - **Event**: Morgan Stanley US Financials, Payments & CRE Conference Call - **Date**: June 14, 2023 - **Participants**: Mark Mason (CFO), Betsy Graseck (Morgan Stanley) Key Points Company Strategy and Performance - Citigroup is in Phase 1 of its strategy, focusing on execution and investment, with positive progress noted since March 2022 [3][4] - Significant top-line growth in core businesses, particularly in Treasury and Trade Solutions (TTS) and Security Services, with TTS showing over 30% growth in Q1 2023 [4][5] - Diversification of the business model has helped offset pressures in investment banking and wealth management, with a noted decline in the investment banking wallet [5][6][7] Regulatory Environment - The banking industry is in a stronger position compared to the financial crisis, with improved capital and liquidity [9][10] - Increased regulatory pressures are anticipated, including higher FDIC costs and more intense oversight, which could impact capital requirements [10][11][12] Corporate and Consumer Insights - Corporate clients are focused on managing expenses and preparing for potential slower growth due to inflation and recession concerns [14][15] - Consumer behavior shows resilience, but there are signs of increasing delinquencies, particularly among lower FICO score customers [16][32] Financial Performance - Markets revenues are down 20% year-over-year, with investment banking wallet down about 25% [18][19] - Full-year revenue guidance remains unchanged at $78 billion to $79 billion, despite current market conditions [20] - Tax rate for the quarter is expected to be about 200 basis points higher than the full-year guidance of 23% to 24% [20] Interest Rate Sensitivity - Citigroup has maintained an asset sensitivity position to benefit from rising rates, with a potential positive impact of $1.7 billion on net interest income (NII) from a 100 basis point rate increase [25][26] - A potential rate reduction could lead to a $1.8 billion reduction in NII, with a skew towards non-US dollar impacts [27][28] Investment and Expense Management - Citigroup is focused on investments in technology and operational improvements, with a goal to bend the expense curve by 2024 [36][44] - The company has incurred severance costs related to a reduction of about 5,000 headcount, primarily in banking and markets [47][48] Capital and Return Targets - The CET1 ratio stands at 13.40%, with ongoing buybacks and a focus on achieving medium-term return targets of 11% to 12% [52][53] - The company aims for less than 60% operating efficiency as it moves towards medium-term goals [53][54] Conclusion - Citigroup's strategy is clear and resilient, with a focus on execution and rebuilding credibility [56] - The company is committed to transparency and achieving return targets, indicating potential value growth in the stock [56]

Citigroup Inc. (NYSE:C) Bernstein's 39th Annual Strategic Decisions Conference 2023 Call June 2, 2023 11:00 AM ET Company Participants Jane Fraser - Chief Executive Officer Conference Call Participants Unidentified Analyst Okay. Great. Thanks, everyone, for joining us. We're very happy to have Citigroup here with us, CEO, Jane Fraser. Jane Fraser Good morning, everyone. Unidentified Analyst Jane, thanks so much for coming back. We're happy to have you again this year. Jane Fraser Thank you. Question-and-Ans ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9924 Citigroup Inc. (Exact name of registrant as specified in its charter) Delaware 52-1568099 (State or other jurisdiction of inc ...

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Citigroup Inc. (NYSE:C) Q1 2023 Earnings Conference Call April 14, 2023 11:00 AM ET Company Participants Jen Landis - Head, Investor Relations Jane Fraser - Chief Executive Officer Mark Mason - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Mike Mayo - Wells Fargo Securities Betsy Graseck - Morgan Stanley Erika Najarian - UBS Jim Mitchell - Seaport Global Steven Chubak - Wolfe Research Ebrahim Poonawala - Bank of America Matt O’Connor - Deutsche Bank Gerard Cassidy - RBC Capita ...

Citigroup Inc. (NYSE:C) RBC Capital Markets Global Financial Institutions Conference March 8, 2023 3:20 PM ET Company Participants Mark Mason - CFO Conference Call Participants Gerard Cassidy - RBC Capital Markets Gerard Cassidy Good afternoon, everybody. Thank you for joining us for our next fireside chat with Citigroup, which really doesn't need much of an introduction, but we do like to just point out some of the data on these companies that are with us today. Also, we have, of course, Mark Mason, the Ch ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9924 Citigroup Inc. (Exact name of registrant as specified in its charter) Delaware 52-1568099 (State or other jurisdiction of incorpor ...