Citigroup 4Q Fixed-Income Revenue Declines 21% to Seven-Year Low

The transcript discusses the financial results of a company, highlighting a significant miss in expected revenue and a decline in FICC and equity market performance. Investment banking revenue showed growth, while volatility and tax cuts impacted financial outcomes. The discussion also covers cost guidance, efficiency targets, and the implications for major financial institutions like Citigroup, JP Morgan, Goldman Sachs, and Morgan Stanley.

What was the expected revenue figure that the company missed?

• $1.94 billion

• $2.2 billion

• $17.1 billion

• $1.61 billion

Which segment showed an 8% growth quarter on quarter?

• Equity market revenue

• Investment banking revenue

• End of period loans

• FICC revenue

What is the company's main strategy to improve return on equity?

• Expanding market share

• Cost cuts

• Increasing revenue

• Raising capital

What was the year-on-year decline in the FICC business?

• 16%

• 21%

• 9%

• 3%

Which business is Citigroup more indexed to compared to its peers?

• Equities business

• Prime business

• FICC business

• Investment banking