Financial PerformanceIn 2Q24, Citi showed a top- and bottom-line beat, positive revenue growth in its 5 lines of business, and a line-of-sight for continued lower firm-wide expenses in 2025-2026.
Share BuybacksManagement raised the pace of share buybacks to $1bn for 3Q24 vs. $0.5bn in 1Q24.
Strategic ProgressThe bank's board and management have made meaningful progress overall, including taking necessary steps to simplify the bank.