Bank On This?

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 16 October 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Citigroup’s Jane Fraser is looking to reinvent one of the Big Four banks. Can she do it? (00:21)Matt Frankel and Deidre Woollard discuss: - The challenges facing Citgroup. - Why big banks have to get serious about high-yield accounts. - Charles Schwab’s opportunity to build an integrated platform. (19:49) Mark Dixon, CEO of IWG, talks to Deidre Woollard about the changing role of the office in business life. Get your Stock Advisor discount here: www.fool.com/mfmdiscount Companies discussed: C, IWG, SOFI, WFC, BAC, JPM, ALLY Host: Deidre Woollard Guests: Matt Frankel, Mark Dixon Producer: Ricky Mulvey Engineers: Annie Pope, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	When the rising tide lift all banks, Motley Full Money starts now.
0:21.2	Welcome to Motley Full Money.
0:22.5	I'm Deedra Willard here with Motley Full Analyst, Matt Frankl.
0:25.5	Matt, how are you doing today?
0:26.5	Good.
0:27.5	It's been a while and I'm glad to be here.
0:29.8	We are going to talk some banking because it's banking season.
0:34.5	Banking earnings are usually the first part of earnings season.
0:38.0	A little appetizer before we get into the tech earnings that start later this week.
0:43.9	Last week on the show, we had Dylan and Jason Moser.
0:46.6	They covered some of the banks that were reported on Friday.
0:48.7	They covered Wells Fargo, JP Morgan Chase.
0:51.6	One they didn't talk about too much that I'm fascinated by is Citigroup, also reported
0:56.2	on Friday.
0:57.7	This one has had a bit of a rougher trajectory than Wells Fargo, which has had its own challenges.
1:03.4	They had better than expected revenue, but they are really doing some major changes.
1:08.1	Tell us a little bit about that and how we should think about it.
1:11.3	Yeah.
1:12.3	Well, Citigroup reminds me of, back in the day when I was single on dating sites, there
1:15.6	was an option you could choose that said, it's complicated.
1:18.0	That's kind of how I view Citigroup to be right now.
1:21.4	Everyone asks, how did Citigroup's quarter go?
	...

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