Citi’s Q2 2024: transformation pains mask underappreciated global finance powerhouse 📈🏦; Stripe's valuation soars to $70B as Sequoia offers liquidity to early investors 😳💰

FinTech is Eating the World, 15 July

Hey Everyone,

Happy Monday! We’re starting a new FinTech week strong 😤 Today we’re going to look at finance giant Citi’s latest financials (unpacking the most important numbers that show an underappreciated global powerhouse + a bonus deep dive into their biggest competitor JPMorgan), and Stripe whose valuation soars to $70 billion as Sequoia offers liquidity to early investors (what it’s all about & what it means + a bonus deep dive into Stripe). Let’s just jump straight into the cool stuff 🌶

Citi’s Q2 2024: transformation pains mask underappreciated global finance powerhouse 📈🏦

Earnings time 🤑 Finance titan Citi C 0.00%↑ just posted its latest Q2 2024 financial results that topped expectations for profit and revenue on a rebound in Wall Street activity.

The latest financials and recent regulatory actions present a complex picture of a global banking giant in transition.

Let’s take a closer look at this, unpack the most important numbers and what they mean, and see whether Citi is worth your time and money in 2024.