From another post: “Bad outlook due to myopic leadership. Citi’s great competitive advantage was its global reach. Instead, Citi’s execs decided to dismantle the global components to improve stock price for short term profit. By 2026 Citi will have to be sold for parts.” - - - Interesting thought. Maybe the plan is to sell Citi off in parts by design. Is it possible Jane was made CEO not for her vision, no certainly not that, that’s for sure, but because she’s good at wielding the axe with no conscious. She’s the mold in which to get it all done?
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They said the same things about Lehman, AIG, Credit Suisse etc. being profitable companies. Until the world realised it was all a Sh!!t Show, smoke and mirrors and a House of Cards.
It's one of the most profitable companies in the planet, they're doing this because they're lagging behind on the competition, but they have enough room to maneuver.
Post ID: @3rta+1qLF4kHI It may be $9 Billion now, but for the past few years Citi has been steadily declining by 32%+. What will it be in 2024, $6 Billion ?? You're an id--t for thinking or believing Citi isn't a dog and investing more money into it is not a waste of money or time. Potential investors and current Shareholder/Svckers are better off putting their money and bets on JPMC, Goldman and BofA. Citi has been steadily declining since 2010, with NI range of $10 B to $20 B, while JPMC has been steadily increasing every year with a range of $18 B to $48 B, with 2023 at $48 B. This is all in addition to the fact that Citi stock is a dog relative to its envied Competitors, But please, thank you for remaining on the Citi Titanic. Thank you for your service. LOL!
You're already changing your argument. My point is no one walks away from $9B in profit. You're saying sure they do... Let's close up shop. You're an id--t for thinking that.
Post ID: @3urn+1qLF4kHI This is true. For every Dollar JPMC made in 2023, Citi only made 19 measly cents. Pennies.....LOL !
Post ID: @3mwj+1qLF4kHI Profit??? Oh, you mean Pennies. LOL! Citi's has been declining in double digits 32%+ each. No one believes you'll post your SOEID. You might as well say you'll post your SS#. LOL ! Please do the world a favor by remaining on the Citi Titanic. Thank you for your service. LOL!
@2qzk+1qLF4kHI, you're insinuating the ship isn't turning (hence the full re-org and layoffs) and investors are going to walk away from $9B in profit? Yep, folks... $9B is to petty, I want none of that! Profit is profit. I'll publicly post my SOEID if Citi doesn't post a billion $ profit in Q1, will you?
Post ID: @2zvr+1qLF4kHI But Citi's Rotce is still negative and Citi still lags far behind light years away from Goldman and JPMC, Citi's envied, admired and feared Competitors. LOL! $9 Billion in NI is pennies to JPMC and Goldman. Citigroup net income for the twelve months ending December 31, 2023 was $8.596B, a 37.26% decline year-over-year. Citigroup annual net income for 2023 was $9.228B, a 32.64% decline from 2022. Citigroup annual net income for 2022 was $13.7B, a 34% decline from 2021. JPMorgan Chase annual net income for 2023 was $47.76B, a 33.07% increase from 2022. Citi's Only endearing quality and skill is wasting money/profits and also NOT knowing when, who, why or how to spend money. That $9 Billion will easily evaporate. LOL!
@2kji+1qLF4kHI in 2023 Citi had over $9 billion in net income. But you read the news headlines about the Q4 loss and suddenly you think you're an expert in economics. Lol. Clearly, you work in our operations/services money pit that is hopefully getting cut.
Post ID: @1sha+1qLF4kHI What profits ? If you believe Negative ROTCE and negative Net Income, etc. based on Citi's Q4 and previous financial statements make for a stable and profitable company, then remain with the Citi Titanic. LOL!
I don't really see it happening only because people always theorize this whenever big changes happen at large banks. But if i'm wrong and this does happen, it should be a big case study about the negative impacts of DEI hiring. Very similar to the crisis in 2008 when banks approved mortgages and other loans for unqualified applicants, but it looked good because a high volume were minorities.
Only by selling Business, Jane can keep receiving her fat check.
Could be. This could be the reason for the reorganization into five lines of business.
Seriously, what else is she good for? She’s the right person for the job to dismantle the company. She doesn’t motivate, lead, encourage, inspire or innovate.
Silly statement and silly comments. If you're a company that annually profits... (a reason to stay in business).. and especially if those profits are measured in billions (yes billions of USD), the master plan isn't to dismantle it.
It certainly seems that way.
Spooky
something to think about.