Citi Technology Clients Summit John Gerspach. May 16, 2012

Size: px
Start display at page:

Download "Citi Technology Clients Summit John Gerspach. May 16, 2012"

Transcription

1 Citi Technology Clients Summit John Gerspach Chief Financial Officer May 16, 2012

2 Uniquely Positioned for the Future Growth in every core business in 1Q 1212 Difficult to replicate Citi s global footprint Unrivaled depth and breadth across Emerging Markets Business model well suited to macro trends and proposed regulatory changes Strong and growing capital base with exceptional liquidity 1

3 Citigroup Results ($B) Revenues (ex-cva / DVA) (1,2) Expenses Citicorp + Corp/Other Holdings $93.1 $87.1 $ $47.8 $47.4 $ % 0% $20.0 $ Q'11 1Q'12 $12.3 $ Q'11 1Q'12 Credit Provisions (1,3) Net Income (ex-cva / DVA) (2) $51.8 $26.0 $12.8-5% $10.9 $9.9 8% $3.2 $3.4 $3.2 $3.0 $(1.3) Q' Q' Q'11 1Q'12 Note: (1) Periods prior to 1Q 10 are on a managed basis. For additional information, as well as CVA / DVA for each of the periods presented, see Citigroup's Historical and First Quarter 2012 Quarterly Financial Data Supplements furnished as exhibits to Form 8-K filed with the U.S. Securities and Exchange Commission on March 26, 2012 and April 16, (2) 1Q 12 excludes pre-tax gains on the sale of Citi s remaining minority interest in the Housing Development Finance Corporation Ltd. (HDFC) and the minority interest Shanghai Pudong Development Bank (SPDB) of $1.1B and $542MM, respectively, as well as a pre-tax impairment charge related to its minority interest in Akbank T.A.S. (Akbank) of $1.2B, each recorded in Corporate / Other. Total after-tax impact was $308MM. 2 (3) Credit Provisions: Net loan loss reserve builds (releases), policyholder benefits and claims, provisions for unfunded lending commitments and net credit losses.

4 Citigroup Strategic Progress ($B) Citicorp Revenues (ex-cva / DVA) (1) Citi Holdings Revenues (ex-cva / DVA) GCB CTS S&B $78.2 $73.0 $25.4 $ % $18.4 $ Q'11 1Q'12 Citicorp Loans $12.3 $6.2-53% $1.7 $ Q'11 1Q'12 Citi Holdings Assets $425 $ % $457 $514 $573 $458-64% $295 $209 1Q'09 1Q' Q' Q' Q'09 1Q' Q' Q'12 12 Note: (1) Periods prior to 1Q 10 are on a managed basis. For additional information, as well as CVA / DVA for each of the periods presented, see Citigroup's Historical and First Quarter 2012 Quarterly Financial Data Supplements furnished as exhibits to Form 8-K filed with the U.S. Securities and Exchange Commission on March 26, 2012 and April 16,

5 Global Trends and Business Drivers Deleveraging of Developed Globalization World Rise Rise of of Emerging Cities Markets & Urbanization Deleveraging of Developed World Digitization Technology Financial Regulation Deleveraging of developed economies has only just begun Expect lower GDP growth and consumer demand for foreseeable future U.S. positioned relatively well versus Western Europe EM expected to enjoy sustained higher GDP growth Growth in EM consumer demand Growing trade and capital flows, particularly l intra-em Rapid population growth in EM cities Significant investment and infrastructure needs Driving changes in consumer behavior and expectations Improving efficiency Likely to create new competitors / partners / revenue streams Regulatory reform likely to have meaningful impact on banks and customers Final form still unclear for most rules Likely differences in implementation globally 4

6 Rise of Emerging Markets Driving Global Growth E CAGR Emerging Markets are Driving GDP Growth 5.7% World GDP 3.4% 2.9% 19% 1.9% 0.5% Developed Developed Total Euro Area U.S. Emerging Total Source: Citi Investment Research & Analysis 5

7 Rise of Emerging Markets Driving Global Growth EM Trade as a % of Total World Trade $37 T $83 T DM-DM 40% EM-EM 15% DM-DM 26% EM-EM 25% EM-DM 45% EM-DM 49% Emerging Markets 60% of Trade 10.7% CAGR Emerging Markets 74% of trade Source: Citi Investment Research & Analysis 6

8 Digitization Global Users (B) Mobile vs. Bank Account Penetration Mobile Bank Account 85% 91% 92% 91% 95% 83% % % 56% 48% 53% 42% 48% % Population Mobile Bank Accounts U.S. U.K. Russia Brazil India China Africa Developed Emerging There are ~5B cell phone users worldwide but only ~2B bank accounts Source: Yankee Group, Financial Access Initiative 7

9 Major Upcoming Regulatory Changes Volcker Rule Final form and scale still unknown Many potential, unintended consequences in eliminating banks from proprietary trading Key issue is the impact on client-facing activities Likely to reduce liquidity and increase costs to the market Basel III U.S. rules still unknown and potential for uneven implementation globally Regardless of final form, capital requirements will increase Good for safety and soundness, but comes at a cost to banks and the macro economy Back stop liquidity facilities and OTC derivatives will likely become much more expensive, and credit will be limited for all but the highest quality borrowers 8

10 Citicorp Model is Well Positioned Globalization Rise of Emerging Markets Rise of Cities Accelerating Urbanization Deleveraging of Developed Digitization World Technology Regulatory & Capital Environment Note: (1) Last twelve months through 1Q 12. Citi has unparalleled exposure to faster-growing emerging markets Difficult for peers to replicate Citi s global presence, particularly with limited ability to pursue significant M&A Uniquely positioned to facilitate EM-EM trade and capital flows 45% of revenues and 55% of income from continuing operations generated in EM (1) Citi is focused on retail banking in the world s 150 largest cities Leveraging our scale globally through a common platform Facilitating capital flows where investment is needed Actively developing mobile payment systems and technology Partnering with important non-financial firms, e.g. Google Wallet Citi is less exposed to consumer regulatory changes in U.S. Completed wind-down of our proprietary equity trading business Basel III friendly business model: Minimal impact on Transaction Services / Consumer Banking Institutional business focused on flow facilitation 9

11 Citi is Uniquely Global Physical Presence in over 100 Countries and Client Service in ~160 Countries North America 2 CTS 2 Trading & Sales 2 Corporate Bank 1 Consumer Bank 2 Private Bank Western Europe 18 CTS 13 Trading & Sales 16 Corporate Bank - Consumer Bank 6 Private Bank World 96 CTS 86 Trading & Sales 89 Corporate Bank 43 Consumer Bank 23 Private Bank Asia 18 CTS LATAM 23 CTS 22 Trading & Sales 22 Corporate Bank 15 Consumer Bank 2 Private Bank 17 Trading & Sales CEEMEA 16 Corporate Bank 35 CTS 17 Consumer Bank 34 Trading & Sales 8 Private Bank 33 Corporate Bank 10 Consumer Bank 5 Private Bank Local Infrastructure Serving Clients / No Physical Infrastructure 10

12 Citicorp Diverse Revenue Base LTM Revenues ex-cva / DVA (1) Revenues by Region Revenues by Business Asia Emerging 17% Asia Developed 4% North America Transaction Services 15% Global Consumer Banking 41% LATAM 20% 28% 56% CEEMEA 7% 10% Western Europe Securities & Banking Total: $70.5B Note: Totals may not sum due to rounding. LTM: Last twelve months through 1Q 12. (1) For CVA / DVA for each of the periods presented, see Citigroup's Historical and First Quarter 2012 Quarterly Financial Data Supplements furnished as exhibits to Form 8-K filed with the U.S. Securities and Exchange Commission on March 26, 2012 and April 16,

13 Citicorp Diverse Earnings Base ($B) LTM (1) Earnings Before Taxes (ex-llr & CVA / DVA) $21.0 Global Consumer Banking Transaction Services Securities & Banking 61% $19.0 $18.0 $ % 51% 48% $16.0 $16.2 $16.4 $ % 37% 33% 26% $ % 25% 27% 28% 29% 32% 31% 30% 31% 28% 73% 39% 14% 18% 21% 23% 29% 33% 36% 43% 45% 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 Note: Totals may not sum due to rounding. (1) Last twelve months to each period. For the LLR and CVA / DVA for each of the periods presented, see Citigroup s Historical and First Quarter 2012 Quarterly Financial Data Supplements furnished as exhibits to Form 8-K filed with the U.S. Securities and Exchange Commission on March 26, 2012 and April 16,

14 Executing in a Challenging Environment Remaining vigilant in risk management to protect the franchise Managing legacy U.S. mortgage portfolio in Citi Holdings to mitigate risk Containing exposure to Western Europe while continuing to support our important clients Growing EM loan portfolio in a disciplined manner Maintaining a strong and highly liquid balance sheet Building tangible book value and capital 13

15 Containing Western European Exposure As of March 31, 2012 ($B) Net Current Funded Credit Exposure Financial Corporations Institutions Sovereigns $ $ $ Spain Greece Italy Ireland Portugal Note: Totals may not sum due to rounding. Net trading and AFS exposure represents an additional $3.1B of current funded exposure (including $1.8B in Italy, $1.2B in Spain and $0.2B in Portugal). In addition, Citi had approximately $7.3 billion of exposure in the GIIPS, mostly locally-funded accrual loans to retail customers and small businesses (including $3.0B of consumer banking exposure in Spain and $1.5B in Greece), as well as securitized retail assets that are mostly held-tomaturity. For additional information on Citi s net current funded credit, net trading and AFS exposures, as well as other exposures in these countries and France, see Citigroup s First Quarter 2012 Form 10-Q filed with the U.S. Securities and Exchange Commission on May 4,

16 Liquidity Resources ($B) On-Balance Sheet Aggregate Liquidity Resources (1) $ $447 $ $401 $ $ Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 Non-Bank (2) Significant Bank Entities Other Entities (3) Note: Totals may not sum due to rounding. These totals do not include foreign central bank borrowings, or Citigroup s borrowing capacity at the U.S. Federal Reserve Bank discount window and from various Federal Home Loan Banks (FHLB), which h is maintained i by pledged d collateral l to all such banks. (1) Aggregate liquidity resources reflect balances of unencumbered cash at major central banks as well as unencumbered highly liquid securities. (2) Non-Bank includes the parent holding company (Citigroup Inc.) and the broker-dealer (CGMHI). (3) Other Entities include Banamex and other bank entities. 15

17 Basel III Liquidity Coverage Ratio (LCR) Citi s Basel III LCR is among the highest of all banks more than 25% above the estimated proposed minimum ratio of 100%. Current Basel III LCR: Stock of High Quality (Unencumbered) Liquid Assets Net Cash Outflows Over a 30-day Time Period > 100% >125% Citi (1) 100% 90% Basel III LCR 2Q'11 Minimum Industry Requirement Average (2) The Basel III Liquidity Coverage Ratio is designed to ensure banks maintain an adequate level of unencumbered cash and highly liquid securities that can be converted to cash to meet liquidity needs Meeting these requirements could have significant balance sheet repositioning costs for those banks not in compliance Citi believes it will be able to avoid any such repositioning costs given its current estimated Basel III LCR ratio Note: (1) Estimated. (2) June 30, 2011 results of Basel III study for all participating international banks. 16

18 Key Capital Metrics Tier 1 Capital Total Capital Tier 1 Common TBV/Share (1) 15.6% 16.1% 16.6% 17.0% 17.2% 16.9% 17.0% 14.9% 12.0% 12.5% 12.9% 13.3% 13.6% 13.5% 13.5% 11.3% 11.3% 11.6% 11.7% 11.8% 10.3% 10.8% 9.1% 9.7% 17.6% 14.3% 12.5% $40.90 $41.86 $44.42 $44.55 $46.87 $48.75 $49.50 $49.74 $ Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 Risk-Weighted Assets ($B) $1,064 $1,025 $1,004 $978 $992 $993 $984 $973 $974 Note: (1) Tangible book value per share is a non-gaap financial measure. For a reconciliation of this metric to the most directly comparable GAAP measure, please refer to Slide

19 Credit Ratings Fitch (1) S&P (2) Moody's Citigroup Inc. Senior Debt A A- A3 Commercial Paper F1 A-2 A2 P-2 P2 Citibank, N.A. Long-Term Obligations A A A1 Short-Term Obligations F1 A-1 P-1 In February 2012, Moody s announced a review of 17 banks with global capital markets operations Potential downgrade of Citigroup Inc. to Baa2/P-2 and Citibank, N.A. to A3/P-2 Moody s action is based on their industry-wide re-evaluation of risks surrounding the investment banking operating model Inherently volatile earnings and historically high leverage Risk management challenges Increasing regulatory burden Moody s approach is backward looking and does not provide adequate credit to the strength and diversity of Citi s franchise, nor the substantial improvements made in our risk infrastructure, capital base, and liquidity levels Note: (1) Stable outlook. (2) Negative outlook. 18

20 Evolving Counterparty Assessment In a changing and increasingly complex landscape, clients look beyond ratings to measure counterparty performance. 1990s Simple, Local Banks Today Global, complex multinationals Two Credit Ratings Financial Metrics: Equity base Regulatory capital Liquidity Market Metrics: Bond spreads CDS spreads Share price Loan loss reserves Funding profile Credit ratings Business Metrics: Earnings stability Geographic diversification Risk concentrations Business strategy Macroeconomic environment As a result, bank evaluation was more one-dimensional and historical Bank evaluations need to be based on leading indicators 19

21 Counterparty Comparisons (2) Domestic Peers International ti Peers Peer Comparison (1) A B A B C D Financial Metrics Tier 1 Capital (%) Tier 1 Common (%) Cash & AFS / Assets (%) Market Metrics Bank Ratings (S&P / Moody s / Fitch) A/A1/A A+/Aa1/AA- A/A2/A A+/Aa2/AA A+/Aa3/A+ A+/Aa3/A A/Aa3/A YTD Stock Price (%) (3) YR CDS (bps) (3) Δ 5 YR CDS Year-to-Date (bps) (3) (40) (13) (124) (14) (8) 11 6 Business Metrics Deposits / Assets (%) Int l Deposits / Assets (%) NA NA NA NA LLR / Gross Loans (%) Relative Strength th of Global l Platform Note: (1) Based on 1Q 12 or most recently available. Qualitative assessments based on internal perception. (2) As of 3/31/12. (3) As of market close 5/11/12. Source: SNL Financial and company filings High Low 20

22 Conclusions Well positioned for sustained growth in core businesses Unrivalled presence in Emerging Markets Significant liquidity resources to confront macro and regulatory changes Strong and growing capital base 21

23 Certain statements in this document are forward-looking statements within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission. These statements are based on management s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors, including the precautionary statements included in this presentation and those contained in Citigroup s filings with the U.S. Securities and Exchange Commission, including without limitation the Risk Factors section of Citigroup s 2011 Form 10-K. 22

24 Citi Technology Clients Summit John Gerspach Chief Financial Officer May 16, 2012

25 Non-GAAP Financial Measures Reconciliations ($ millions, except per share amounts) 1Q'10 2Q'10 3Q'10 4Q'10 1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 Citigroup's Total Stockholders' Equity $151,421 $154,806 $162,913 $163,468 $171,037 $176,364 $177,372 $177,806 $181,820 Less: Preferred Stock Common Stockholders' Equity 151, , , , , , , , ,508 Less: Goodwill 25,662 25,201 25,797 26,152 26,339 26,621 25,496 25,413 25,810 Intangible Assets (other than Mortgage Servicing Rights) 8,277 7,868 7,705 7,504 7,280 7,136 6,800 6,600 6,413 Goodwill and Intangible Assets - recorded as Assets Held for Sale / Assets of Discont. Operations Held for Sale Net Deferred Tax Assets Related to Goodwill and Intangible Assets Tangible Common Equity (TCE) $117,060 $121,297 $129,040 $129,444 $136,888 $142,245 $144,717 $145,437 $149,244 Common Shares Outstanding at Quarter-end 2,862 2,898 2,905 2,906 2,921 2,918 2,924 2,924 2,932 Tangible Book Value Per Share $40.90 $41.86 $44.42 $44.55 $46.87 $48.75 $49.50 $49.74 $50.90 (Tangible Common Equity / Common Shares Outstanding) 24

Goldman Sachs U.S. Financial Services Conference Vikram Pandit

Goldman Sachs U.S. Financial Services Conference Vikram Pandit Goldman Sachs U.S. Financial Services Conference Vikram Pandit Chief Executive Officer December 6, 2011 Citigroup Market conditions remain challenging Industry is facing significant changes in the economic,

More information

Deutsche Bank Global Financial Services Investor Conference

Deutsche Bank Global Financial Services Investor Conference Citi Investor Relations Deutsche Bank Global Financial Services Investor Conference May 27, 2014 John Gerspach Chief Financial Officer Highlights Focused on execution in challenging operating environment

More information

Raymond James Annual Investors Conference

Raymond James Annual Investors Conference Citi Investor Relations Raymond James Annual Investors Conference March 2, 2015 John Gerspach Chief Financial Officer Highlights Stronger, simpler and safer institution Compact balance sheet with strong

More information

Second Quarter 2013 Earnings Review

Second Quarter 2013 Earnings Review Citi Investor Relations Second Quarter 2013 Earnings Review July 15, 2013 Overview Progress in improving consistency and quality of earnings Solid markets performance despite higher volatility Sustained

More information

Credit Suisse Financial Services Forum John Gerspach

Credit Suisse Financial Services Forum John Gerspach On February 9, 2012, Citi announced an adjustment to its fourth quarter and full year 2011 financial results to reflect an additional $209 million of after-tax ($275 million pre-tax) charges to increase

More information

Third Quarter 2018 Earnings Review

Third Quarter 2018 Earnings Review Citi Investor Relations Third Quarter 2018 Earnings Review October 12, 2018 Overview Solid operating results in 3Q 18 Continued momentum in Institutional accrual businesses and strong results in Fixed

More information

Citi Financial Services Conference Vikram Pandit. March 9, 2011

Citi Financial Services Conference Vikram Pandit. March 9, 2011 Citi Financial Services Conference Vikram Pandit Chief Executive Officer March 9, 2011 Solid Foundation For Sustainable Growth Returned to profitability in 2010 Increased investments in Citicorp Continued

More information

Bank of America Merrill Lynch The Future of Financials Conference. November 16, Citi Investor Relations

Bank of America Merrill Lynch The Future of Financials Conference. November 16, Citi Investor Relations Citi Investor Relations Bank of America Merrill Lynch The Future of Financials Conference November 16, 2016 Jamie Forese President, Citigroup CEO, Institutional Clients Group Institutional Clients Group

More information

Fixed Income Investor Review

Fixed Income Investor Review Fixed Income Investor Review John Gerspach Chief Financial Officer Eric Aboaf Treasurer October 20, 2011 Highlights Continued to execute strategy in challenging environment Remain highly focused on risk

More information

Fourth Quarter 2011 Earnings Review January 17, 2012

Fourth Quarter 2011 Earnings Review January 17, 2012 On February 9, 2012, Citi announced an adjustment to its fourth quarter and full year 2011 financial results to reflect an additional $209 million of after-tax ($275 million pre-tax) charges to increase

More information

Second Quarter 2018 Earnings Review

Second Quarter 2018 Earnings Review Citi Investor Relations Second Quarter 2018 Earnings Review July 13, 2018 Overview Solid operating results in 2Q 18 Revenue growth in all regions and across products in Consumer Continued momentum in Institutional

More information

Fourth Quarter 2018 Earnings Review

Fourth Quarter 2018 Earnings Review Citi Investor Relations Fourth Quarter 2018 Earnings Review January 14, 2019 Overview 4Q 18 showed continued progress in a challenging environment Continued momentum in Institutional accrual businesses

More information

Bank of America Merrill Lynch The Future of Financials Conference. November 14, Citi Investor Relations

Bank of America Merrill Lynch The Future of Financials Conference. November 14, Citi Investor Relations Citi Investor Relations Bank of America Merrill Lynch The Future of Financials Conference November 14, 2017 Naveed Sultan Global Head of Treasury & Trade Solutions Agenda Strong Foundation for Growth Technology-Driven

More information

First Quarter 2015 Earnings Review

First Quarter 2015 Earnings Review Citi Investor Relations First Quarter 2015 Earnings Review April 16, 2015 Overview First quarter results provide a solid start to 2015 Modest revenue growth and positive operating leverage in Citicorp

More information

First Quarter 2017 Fixed Income Investor Review

First Quarter 2017 Fixed Income Investor Review Citi Fixed Income Investor Relations First Quarter 2017 Fixed Income Investor Review April 20, 2017 John Gerspach Chief Financial Officer James von Moltke Treasurer Agenda 1Q 17 Results $4.1B of net income,

More information

Third Quarter 2016 Fixed Income Investor Review

Third Quarter 2016 Fixed Income Investor Review Citi Fixed Income Investor Relations Third Quarter 2016 Fixed Income Investor Review October 26, 2016 John Gerspach Chief Financial Officer James von Moltke Treasurer Agenda 3Q 16 Results Earned $3.8B

More information

First Quarter 2018 Earnings Review

First Quarter 2018 Earnings Review Citi Investor Relations First Quarter 2018 Earnings Review April 13, 2018 Overview 1Q 18 showed strong operating results and balanced franchise performance Revenue growth in both Cards and Retail Banking

More information

Third Quarter 2011 Earnings Review. October 17, 2011

Third Quarter 2011 Earnings Review. October 17, 2011 Third Quarter 2011 Earnings Review October 17, 2011 Highlights Continued to execute strategy in challenging environment Remain highly focused on risk management Eurozone countries Emerging markets U.S.

More information

Second Quarter 2017 Fixed Income Investor Review

Second Quarter 2017 Fixed Income Investor Review Citi Fixed Income Investor Relations Second Quarter 2017 Fixed Income Investor Review July 20, 2017 John Gerspach Chief Financial Officer Agenda 1H 17 Results $8B of net income, up 6% year-over-year Efficiency

More information

Third Quarter 2017 Earnings Review

Third Quarter 2017 Earnings Review Citi Investor Relations Third Quarter 2017 Earnings Review October 12, 2017 Overview 3Q 17 showed strong results and balanced performance across the franchise Revenue growth and positive operating leverage

More information

Second Quarter 2018 Fixed Income Investor Review

Second Quarter 2018 Fixed Income Investor Review Citi Fixed Income Investor Relations Second Quarter 2018 Fixed Income Investor Review July 26, 2018 John Gerspach Chief Financial Officer Michael Verdeschi Treasurer Agenda 1H 18 Results Net income of

More information

Raymond James Annual Investors Conference

Raymond James Annual Investors Conference Citi Investor Relations Raymond James Annual Investors Conference March 3, 2014 John Gerspach Chief Financial Officer Highlights Improved performance in 2013 reflects ongoing transformation Continued to

More information

Third Quarter 2018 Fixed Income Investor Review

Third Quarter 2018 Fixed Income Investor Review Citi Fixed Income Investor Relations Third Quarter 2018 Fixed Income Investor Review October 25, 2018 John Gerspach Chief Financial Officer Michael Verdeschi Treasurer Agenda YTD 18 Results Net income

More information

Fixed Income Investor Review

Fixed Income Investor Review Fixed Income Investor Review John Gerspach Chief Financial Officer Eric Aboaf Treasurer April 27, 2011 Citigroup Highlights Continued making progress in 1Q 11 Citigroup earned $3.0B Emerging markets represented

More information

Third Quarter 2017 Fixed Income Investor Review

Third Quarter 2017 Fixed Income Investor Review Citi Fixed Income Investor Relations Third Quarter 2017 Fixed Income Investor Review October 26, 2017 John Gerspach Chief Financial Officer Michael Verdeschi Treasurer Agenda YTD 17 Results $12.1B of net

More information

Fourth Quarter 2017 Earnings Review

Fourth Quarter 2017 Earnings Review Citi Investor Relations On February 23, 2018, Citi announced that it was adjusting downward its fourth quarter and full year 2017 financial results, from those reported on January 16, 2018, due to an updated

More information

Fourth Quarter 2014 Earnings Review

Fourth Quarter 2014 Earnings Review Citi Investor Relations Fourth Quarter 2014 Earnings Review January 15, 2015 Overview Fourth quarter revenues impacted by more challenging macro environment Markets performance reflected difficult trading

More information

Third Quarter 2014 Earnings Review

Third Quarter 2014 Earnings Review Citi Investor Relations On October 30, 2014, Citi announced that it was adjusting downward its third quarter 2014 financial results, from those reported on October 14, 2014, due to a $600 million (pretax

More information

First Quarter 2018 Fixed Income Investor Review

First Quarter 2018 Fixed Income Investor Review Citi Fixed Income Investor Relations First Quarter 2018 Fixed Income Investor Review April 20, 2018 John Gerspach Chief Financial Officer Michael Verdeschi Treasurer Agenda 1Q 18 Results Net income of

More information

CITIGROUP NET INCOME OF $2.9 BILLION; $3.1 BILLION EXCLUDING CVA/DVA AND THE LOSS ON AKBANK

CITIGROUP NET INCOME OF $2.9 BILLION; $3.1 BILLION EXCLUDING CVA/DVA AND THE LOSS ON AKBANK For Immediate Release Citigroup Inc. (NYSE: C) July 16, 2012 CITIGROUP REPORTS SECOND QUARTER 2012 EARNINGS PER SHARE 1 OF $0.95; $1.00 EXCLUDING THE IMPACT OF POSITIVE CVA/DVA 2 AND A NET LOSS ON THE

More information

Fixed Income Investor Review

Fixed Income Investor Review Citi Fixed Income Investor Relations Fixed Income Investor Review July 21, 2015 John Gerspach Chief Financial Officer Agenda Execution Priorities Balance Sheet Funding $4.7B of net income (1) in 2Q 15

More information

Fourth Quarter 2017 Fixed Income Investor Review

Fourth Quarter 2017 Fixed Income Investor Review Citi Fixed Income Investor Relations On February 23, 2018, Citi announced that it was adjusting downward its fourth quarter and full year 2017 financial results, from those reported on January 16, 2018,

More information

Fixed Income Investor Review

Fixed Income Investor Review Fixed Income Investor Review John Gerspach Chief Financial Officer Eric Aboaf Treasurer October 16, 2009 Third Quarter Earnings Summary Strong balance sheet: Tangible Common Equity (1) substantially improved

More information

Citigroup Inc. (Exact name of registrant as specified in its charter)

Citigroup Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

CITIGROUP REPORTS FIRST QUARTER 2013 EARNINGS PER SHARE OF $1.23; $1.29 EXCLUDING CVA/DVA 1 NET INCOME OF $3.8 BILLION; $4.0 BILLION EXCLUDING CVA/DVA

CITIGROUP REPORTS FIRST QUARTER 2013 EARNINGS PER SHARE OF $1.23; $1.29 EXCLUDING CVA/DVA 1 NET INCOME OF $3.8 BILLION; $4.0 BILLION EXCLUDING CVA/DVA For Immediate Release Citigroup Inc. (NYSE: C) April 15, 2013 CITIGROUP REPORTS FIRST QUARTER 2013 EARNINGS PER SHARE OF $1.23; $1.29 EXCLUDING CVA/DVA 1 NET INCOME OF $3.8 BILLION; $4.0 BILLION EXCLUDING

More information

Citigroup Inc. (Exact name of registrant as specified in its charter)

Citigroup Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

Fixed Income Investor Review

Fixed Income Investor Review Citi Fixed Income Investor Relations Fixed Income Investor Review April 23, 2015 John Gerspach Chief Financial Officer Agenda 1Q 15 Milestones $4.8B of net income (1) $1.2B of DTA utilization Progress

More information

Citigroup Inc. (Exact name of registrant as specified in its charter)

Citigroup Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

CITIGROUP REPORTS THIRD QUARTER 2014 EARNINGS PER SHARE OF $1.07; $1.15 EXCLUDING CVA/DVA 1

CITIGROUP REPORTS THIRD QUARTER 2014 EARNINGS PER SHARE OF $1.07; $1.15 EXCLUDING CVA/DVA 1 For Immediate Release Citigroup Inc. (NYSE: C) October 14, 2014 CITIGROUP REPORTS THIRD QUARTER 2014 EARNINGS PER SHARE OF $1.07; $1.15 EXCLUDING CVA/DVA 1 ANNOUNCES STRATEGIC ACTIONS IN GLOBAL CONSUMER

More information

2017 Investor Day Financial Overview. John Gerspach, Chief Financial Officer July 25, 2017

2017 Investor Day Financial Overview. John Gerspach, Chief Financial Officer July 25, 2017 2017 Investor Day Financial Overview John Gerspach, Chief Financial Officer July 25, 2017 Key Takeaways: Setting the Stage Committed to our medium and longer-term financial targets 2017 Approved for CCAR

More information

Fixed Income Investor Review

Fixed Income Investor Review Citi Fixed Income Investor Relations Fixed Income Investor Review January 23, 2015 John Gerspach Chief Financial Officer Eric Aboaf Treasurer Agenda 2014 Milestones $11.5B of net income including significant

More information

Fixed Income Investor Review

Fixed Income Investor Review Fixed Income Investor Review John Gerspach Chief Financial Officer Eric Aboaf Treasurer January 21, 2010 Citigroup 2009 Summary Substantial progress in 2009 Built financial strength Reduced our size and

More information

Citigroup Inc. (Exact name of registrant as specified in its charter)

Citigroup Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

Strategic Update. James P. Gorman, Chairman and Chief Executive Officer January 18, 2018

Strategic Update. James P. Gorman, Chairman and Chief Executive Officer January 18, 2018 Strategic Update James P. Gorman, Chairman and Chief Executive Officer January 18, 2018 Notice The information provided herein may include certain non-gaap financial measures. The reconciliation of such

More information

Morgan Stanley Fixed Income Investor Conference Call

Morgan Stanley Fixed Income Investor Conference Call Morgan Stanley Fixed Income Investor Conference Call August 3, 2012 Notice The information provided herein may include certain non-gaap financial measures. The reconciliation of such measures to the comparable

More information

Bank of America Merrill Lynch The Future of Financials Conference. November 6, Citi Investor Relations

Bank of America Merrill Lynch The Future of Financials Conference. November 6, Citi Investor Relations Citi Investor Relations Bank of America Merrill Lynch The Future of Financials Conference November 6, 2018 Francisco Aristeguieta CEO, Citigroup Asia Pacific Agenda Franchise Overview Asia Institutional

More information

Third Quarter 2009 Earnings Review. October 15, 2009

Third Quarter 2009 Earnings Review. October 15, 2009 Third Quarter 2009 Earnings Review October 15, 2009 Third Quarter 2009 Summary Strong balance sheet: Tangible Common Equity substantially improved to $102B, Tier 1 Capital Ratio stable at 12.7% Franchise

More information

Citigroup Inc. (Exact name of registrant as specified in its charter)

Citigroup Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

CITI REPORTS FOURTH QUARTER NET LOSS OF $8.29 BILLION, LOSS PER SHARE OF $1.72

CITI REPORTS FOURTH QUARTER NET LOSS OF $8.29 BILLION, LOSS PER SHARE OF $1.72 On February 27, 2009, Citi announced a fourth quarter 2008 goodwill impairment charge and a further impairment to the intangible asset related to Nikko Asset Management. These pre-tax charges of approximately

More information

I N V E S T M E N T B A N K

I N V E S T M E N T B A N K I N V E S T M E N T B A N K Jes Staley, Chief Executive Officer Investment Bank February 28, 2012 I N V E S T M E N T B A N K Agenda Page Performance 1 Markets 4 Business highlights 13 1 P E R F O R M

More information

Citigroup Inc. (Exact name of registrant as specified in its charter)

Citigroup Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware (State or other jurisdiction

More information

Credit Suisse Financial Services Forum John Gerspach. February 11, 2010

Credit Suisse Financial Services Forum John Gerspach. February 11, 2010 Credit Suisse Financial Services Forum John Gerspach Chief Financial Officer February 11, 2010 Agenda Two distinct cycles Progress over the last two years Citicorp Citi Holdings Capital and Reserves 1

More information

CITIGROUP REPORTS THIRD QUARTER 2012 EARNINGS PER SHARE OF $0.15; $1.06 EXCLUDING CVA/DVA 1, LOSS ON MSSB 2 AND TAX BENEFIT 3

CITIGROUP REPORTS THIRD QUARTER 2012 EARNINGS PER SHARE OF $0.15; $1.06 EXCLUDING CVA/DVA 1, LOSS ON MSSB 2 AND TAX BENEFIT 3 For Immediate Release Citigroup Inc. (NYSE: C) October 15, 2012 CITIGROUP REPORTS THIRD QUARTER 2012 EARNINGS PER SHARE OF $0.15; $1.06 EXCLUDING CVA/DVA 1, LOSS ON MSSB 2 AND TAX BENEFIT 3 CITIGROUP NET

More information

CITI REPORTS THIRD QUARTER NET LOSS OF $2.8 BILLION, LOSS PER SHARE OF $0.60

CITI REPORTS THIRD QUARTER NET LOSS OF $2.8 BILLION, LOSS PER SHARE OF $0.60 CITI REPORTS THIRD QUARTER NET LOSS OF $2.8 BILLION, LOSS PER SHARE OF $0.60 NET LOSS FROM CONTINUING OPERATIONS OF $3.4 BILLION, LOSS PER SHARE OF $0.71, PRIMARILY DUE TO FIXED INCOME WRITE-DOWNS AND

More information

Leading the way in Asia, Africa and the Middle East. Half Year Results 2013

Leading the way in Asia, Africa and the Middle East. Half Year Results 2013 Leading the way in Asia, Africa and the Middle East Half Year Results 2013 Forward looking statement This presentation contains or incorporates by reference forward-looking statements regarding the belief

More information

CITIGROUP REPORTS SECOND QUARTER 2015 EARNINGS PER SHARE OF $1.51; $1.45 EXCLUDING CVA/DVA 1

CITIGROUP REPORTS SECOND QUARTER 2015 EARNINGS PER SHARE OF $1.51; $1.45 EXCLUDING CVA/DVA 1 For Immediate Release Citigroup Inc. (NYSE: C) July 16, 2015 CITIGROUP REPORTS SECOND QUARTER 2015 EARNINGS PER SHARE OF $1.51; $1.45 EXCLUDING CVA/DVA 1 NET INCOME OF $4.8 BILLION; $4.7 BILLION EXCLUDING

More information

Investor Overview Q2 2017

Investor Overview Q2 2017 Investor Overview Q2 2017 AMG Overview Business Highlights Global, diversified asset management firm Unique, multi-faceted growth strategy Proprietary opportunity to partner with additional top boutiques

More information

To read CEO Michael L. Corbat s Letter to Shareholders, please visit citi.com/annualreport

To read CEO Michael L. Corbat s Letter to Shareholders, please visit citi.com/annualreport To read CEO Michael L. Corbat s Letter to Shareholders, please visit citi.com/annualreport This page intentionally left blank. Delaware (State or other jurisdiction of incorporation or organization) 399

More information

CITIGROUP REPORTS SECOND QUARTER 2013 EARNINGS PER SHARE OF $1.34; $1.25 EXCLUDING CVA/DVA 1

CITIGROUP REPORTS SECOND QUARTER 2013 EARNINGS PER SHARE OF $1.34; $1.25 EXCLUDING CVA/DVA 1 For Immediate Release Citigroup Inc. (NYSE: C) July 15, 2013 CITIGROUP REPORTS SECOND QUARTER 2013 EARNINGS PER SHARE OF $1.34; $1.25 EXCLUDING CVA/DVA 1 NET INCOME OF $4.2 BILLION; $3.9 BILLION EXCLUDING

More information

Overview of Goldman Sachs. November 2017

Overview of Goldman Sachs. November 2017 Overview of Goldman Sachs November 207 Cautionary Note on Forward-Looking Statements This presentation may include forward-looking statements. These statements are not historical facts, but instead represent

More information

Overview of Goldman Sachs. October 2014

Overview of Goldman Sachs. October 2014 Overview of Goldman Sachs October 2014 Cautionary Note on Forward Looking Statements Today s presentation may include forward-looking statements. These statements are not historical facts, but instead

More information

BNY Mellon Third Quarter 2014 Financial Highlights

BNY Mellon Third Quarter 2014 Financial Highlights BNY Mellon Third Quarter 204 Financial Highlights October 7, 204 Cautionary Statement A number of statements in our presentations, the accompanying slides and the responses to your questions are forward-looking

More information

Growing Revenue with a Superior Balance Sheet

Growing Revenue with a Superior Balance Sheet May 24, 2011 Growing Revenue with a Superior Balance Sheet Presented by: Todd Gibbons Vice Chairman & CFO Nomura North America Investor Day 2011 Cautionary Statement A number of statements in our presentations,

More information

Citi Reports Fourth Quarter Net Loss of $8.29 Billion, Loss Per Share of $1.72

Citi Reports Fourth Quarter Net Loss of $8.29 Billion, Loss Per Share of $1.72 Citigroup Inc. (NYSE: C) January 16 2009 Citi Reports Fourth Quarter Net Loss of $8.29 Billion, Loss Per Share of $1.72 Net Loss from Continuing Operations of $12.14 Billion, Loss Per Share of $2.44, Primarily

More information

First Quarter 2012 Results

First Quarter 2012 Results First Quarter 2012 Results Presentation to Investors and Media April 25, 2012 Disclaimer Cautionary statement regarding forward-looking statements This presentation contains forward-looking statements

More information

GE Capital. Overview / Strategy first quarter

GE Capital. Overview / Strategy first quarter GE Capital Overview / Strategy This document contains forward-looking statements - that is, statements related to future, not past, events. In this context, forward-looking statements often address our

More information

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT 4Q15 HISTORICAL Page Citigroup Consolidated Financial Summary 1 Consolidated Statement of Income 2 Consolidated Balance Sheet 3 Segment Detail Net Revenues

More information

The Royal Bank of Scotland Group

The Royal Bank of Scotland Group The Royal Bank of Scotland Group Q311 Fixed Income Investor Call 4 th November 2011 John Cummins Group Treasurer Liam Coleman Deputy Group Treasurer Emete Hassan Head of Debt Investor Relations Important

More information

CITIGROUP REPORTS FIRST QUARTER 2015 EARNINGS PER SHARE OF $1.51; $1.52 EXCLUDING CVA/DVA 1 NET INCOME OF $4.8 BILLION

CITIGROUP REPORTS FIRST QUARTER 2015 EARNINGS PER SHARE OF $1.51; $1.52 EXCLUDING CVA/DVA 1 NET INCOME OF $4.8 BILLION For Immediate Release Citigroup Inc. (NYSE: C) April 16, 2015 CITIGROUP REPORTS FIRST QUARTER 2015 EARNINGS PER SHARE OF $1.51; $1.52 EXCLUDING CVA/DVA 1 NET INCOME OF $4.8 BILLION REVENUES OF $19.7 BILLION;

More information

Euro, sovereign debt, liquidity and other issues: questions and answers from BNP Paribas

Euro, sovereign debt, liquidity and other issues: questions and answers from BNP Paribas Euro, sovereign debt, liquidity and other issues: questions and answers from BNP Paribas After being asked a number of questions about the bank and the Eurozone, we have decided to publish the answers

More information

Citigroup Inc. (Exact name of registrant as specified in its charter)

Citigroup Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended

More information

Repaying TARP and Other Capital Actions. December 14, 2009

Repaying TARP and Other Capital Actions. December 14, 2009 Repaying TARP and Other Capital Actions December 14, 2009 Overview Citigroup, U.S. government and regulators agree to TARP repayment Repaying $20 billion of TARP trust preferred securities Agreement reached

More information

Overview of Goldman Sachs. February 2019

Overview of Goldman Sachs. February 2019 Overview of Goldman Sachs February 209 Cautionary Note on Forward-Looking Statements This presentation includes forward-looking statements. These statements are not historical facts, but instead represent

More information

C O R P O R A T E & I N V E S T M E N T B A N K

C O R P O R A T E & I N V E S T M E N T B A N K C O R P O R A T E & I N V E S T M E N T B A N K Mike Cavanagh, Co-Chief Executive Officer Corporate & Investment Bank Daniel Pinto, Co-Chief Executive Officer Corporate & Investment Bank February 25, 204

More information

Overview of Goldman Sachs. May 9, 2018

Overview of Goldman Sachs. May 9, 2018 Overview of Goldman Sachs May 9, 208 Cautionary Note on Forward-Looking Statements This presentation includes forward-looking statements. These statements are not historical facts, but instead represent

More information

Quarter Ended Jun 30, Mar 31, 2016

Quarter Ended Jun 30, Mar 31, 2016 EARNINGS SUMMARY (unaudited, in millions, except per share statistics) December 31, vs. December 31, Twelve Months Ended vs. EARNINGS SUMMARY Interest Income $2,258 $2,184 $2,090 $2,084 $2,061 $197 10%

More information

Jefferies A Global Investment Banking Firm

Jefferies A Global Investment Banking Firm Jefferies A Global Investment Banking Firm April 2015 Jefferies LLC Member SIPC Notes on Forward Looking Statements This document contains forward looking statements within the meaning of the safe harbor

More information

2016 INVESTOR MEETINGS FIRST QUARTER 2016 WHIRLPOOL CORPORATION

2016 INVESTOR MEETINGS FIRST QUARTER 2016 WHIRLPOOL CORPORATION 2016 INVESTOR MEETINGS FIRST QUARTER 0 FIRST-QUARTER INVESTOR MEETINGS WHIRLPOOL CORPORATION ADDITIONAL INFORMATION This Presentation contains forward-looking statements about Whirlpool Corporation and

More information

Assurant and The Warranty Group: Creating a Leading Global Lifestyle Provider

Assurant and The Warranty Group: Creating a Leading Global Lifestyle Provider Assurant and The Warranty Group: Creating a Leading Global Lifestyle Provider 1 Safe Harbor Statement Some of the statements included in this presentation, particularly those with respect to the proposed

More information

MetLife, Inc. Acquisition of ALICO. March 8, 2010

MetLife, Inc. Acquisition of ALICO. March 8, 2010 MetLife, Inc. Acquisition of ALICO March 8, 2010 ALICO: A Unique and Compelling Transaction Significantly Accelerates the Execution of MetLife s Global Growth Strategy Diversifies revenue and earnings

More information

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT 3Q17 Page Citigroup Consolidated Financial Summary 1 Consolidated Statement of Income 2 Consolidated Balance Sheet 3 Segment Detail Net Revenues 4 Income

More information

Quarter Ended Mar 31, Dec 31, 2015

Quarter Ended Mar 31, Dec 31, 2015 EARNINGS SUMMARY (unaudited, in millions, except per share statistics) September 30, vs. September 30, Nine Months Ended vs. EARNINGS SUMMARY Interest Income $2,184 $2,090 $2,084 $2,061 $2,008 $176 9%

More information

MORGAN STANLEY Financial Supplement - 1Q 2015 Table of Contents

MORGAN STANLEY Financial Supplement - 1Q 2015 Table of Contents Page # MORGAN STANLEY Financial Supplement - 1Q 2015 Table of Contents 1. Quarterly Financial Summary 2. Quarterly Consolidated Income Statement Information 3. Quarterly Earnings Per Share Summary 4-5.

More information

Strategic Update. James P. Gorman, Chairman and Chief Executive Officer. January 18, 2013

Strategic Update. James P. Gorman, Chairman and Chief Executive Officer. January 18, 2013 Strategic Update James P. Gorman, Chairman and Chief Executive Officer January 18, 2013 Notice This presentation may contain forward-looking statements. You are cautioned not to place undue reliance on

More information

William Blair Growth Stock Conference. June 13, 2012

William Blair Growth Stock Conference. June 13, 2012 NLSN @ William Blair Growth Stock Conference June 13, 2012 Forward Looking Statements The following discussion contains forward-looking statements, including those about Nielsen s outlook and prospects,

More information

2017 DFAST Mid-Cycle Stress Test Disclosure Citi Severely Adverse Scenario

2017 DFAST Mid-Cycle Stress Test Disclosure Citi Severely Adverse Scenario Citi 2017 2017 DFAST Mid-Cycle Stress Test Disclosure Citi Severely Adverse Scenario October 27, 2017 2017 Mid-Cycle Stress Test Overview Under the stress testing requirements of the Dodd-Frank Wall Street

More information

Morgan Stanley 1Q17 Fixed Income Investor Update. May 5, 2017

Morgan Stanley 1Q17 Fixed Income Investor Update. May 5, 2017 Morgan Stanley 1Q17 Fixed Income Investor Update May 5, 2017 Notice The information provided herein may include certain non-gaap financial measures. The reconciliation of such measures to the comparable

More information

CEO COMMENTARY FOURTH QUARTER 2017 RESULTS AND KEY METRICS. Adjusted ROE: 6.5% 2 Adjusted RoTCE ex. DTA: 8.9% 3. Adjusted Payout Ratio 187% 6

CEO COMMENTARY FOURTH QUARTER 2017 RESULTS AND KEY METRICS. Adjusted ROE: 6.5% 2 Adjusted RoTCE ex. DTA: 8.9% 3. Adjusted Payout Ratio 187% 6 On February 23, 2018, Citi announced that it was adjusting downward its fourth quarter and full year 2017 financial results, from those reported on January 16, 2018, due to an updated estimate for a one-time,

More information

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

Investor Presentation

Investor Presentation Investor Presentation May 2017 Conrad Lower Manhattan New York, New York With 4,980 properties & 812,000 rooms in 103 countries and territories, Hilton is one of the world s largest hotel companies 14

More information

Earnings Release January 25, 2018

Earnings Release January 25, 2018 Earnings Release January 25, 2018 About GWB Company Snapshot Full-service regional bank focused on relationship-based business and agribusiness banking 173 banking branches across 9 states: Arizona, Colorado,

More information

Forward-Looking Statements

Forward-Looking Statements Investor Presentation January 2007 Ed Clark President & CEO TD Bank Financial Group Forward-Looking Statements From time to time, the Bank makes written and oral forward-looking statements, including in

More information

U.S. Bancorp Fixed Income Investor Presentation

U.S. Bancorp Fixed Income Investor Presentation U.S. Bancorp Fixed Income Investor Presentation May 2017 U.S. BANCORP Forward-looking Statements and Additional Information The following information appears in accordance with the Private Securities Litigation

More information

Town Hall Meeting. November 17, 2008

Town Hall Meeting. November 17, 2008 Town Hall Meeting November 17, 2008 Going into 2009 Stronger than 2008 Underlying business remains strong, and revenues have been stable Expenses expected to be down 20% from peak levels Headcount expected

More information

Bank of America Merrill Lynch Financial Services Conference Ned Kelly

Bank of America Merrill Lynch Financial Services Conference Ned Kelly Bank of America Merrill Lynch Financial Services Conference Ned Kelly Vice-Chairman November 11, 2009 Citigroup Reorganization Citicorp Global bank for businesses and consumers Unmatched global network

More information

CEO COMMENTARY FIRST QUARTER 2018 RESULTS AND KEY METRICS. CET1 Capital Ratio 12.1% 3. ROE: 9.7% RoTCE: 11.4% 2. Payout Ratio 71% 4

CEO COMMENTARY FIRST QUARTER 2018 RESULTS AND KEY METRICS. CET1 Capital Ratio 12.1% 3. ROE: 9.7% RoTCE: 11.4% 2. Payout Ratio 71% 4 For Immediate Release Citigroup Inc. (NYSE: C) April 13, 2018 FIRST QUARTER 2018 RESULTS AND KEY METRICS Efficiency Ratio 58% 1 ROE: 9.7% RoTCE: 11.4% 2 CET1 Capital Ratio 12.1% 3 EARNINGS PER SHARE OF

More information

INVESTOR PRESENTATION

INVESTOR PRESENTATION INVESTOR PRESENTATION JUNE 2017 DISCLAIMER Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These

More information

MORGAN STANLEY SMITH BARNEY HOLDINGS (UK) LIMITED AS AT 31 DECEMBER 2013

MORGAN STANLEY SMITH BARNEY HOLDINGS (UK) LIMITED AS AT 31 DECEMBER 2013 MORGAN STANLEY SMITH BARNEY HOLDINGS (UK) LIMITED AS AT 31 DECEMBER 2013 Disclosure (UK) TABLE OF CONTENTS 1. BASEL II ACCORD... 2 2. BACKGROUND TO PILLAR 3 DISCLOSURES... 2 3. APPLICATION OF THE PILLAR

More information

1Q19 Financial Results. April 18, 2019

1Q19 Financial Results. April 18, 2019 1Q19 Financial Results April 18, 2019 Forward-looking statements and use of key performance metrics and non-gaap financial measures This document contains forward-looking statements within the meaning

More information

REVENUES UP 7% IN 2002 TO $75.76 BILLION

REVENUES UP 7% IN 2002 TO $75.76 BILLION CITIGROUP 2002 GAAP NET INCOME A RECORD $15.28 BILLION, INCREASING 8% GAAP NET INCOME PER SHARE OF $2.94, INCREASING 8% CORE INCOME $13.65 BILLION, OR $2.63 PER SHARE REVENUES UP 7% IN 2002 TO $75.76 BILLION

More information