Compass Point’s Peabody Says Citi Is Still in Transition

The transcript discusses the financial performance of Citigroup and other banks, focusing on quarterly results, capital markets, and business transitions. It highlights Citigroup's restructuring efforts, credit card strategies, and the impact of rising consumer credit costs. The discussion also covers predictions for financial markets, including potential volatility and its effects on bank stocks.

What unusual things were anticipated in the quarter mentioned in the text?

How did investment banking fees change according to the text?

What challenges is City facing in their loan origination compared to JP Morgan?

What is the significance of the Costco deal mentioned in the text?

What are the expectations for the second half of the year regarding credit cards?