Citi's transformation shows promise, but uncertainty remains 👀🏦; Wells Fargo’s Q4 2024: Fed asset cap overshadows strong fee income growth and cost controls 😬📊

FinTech is Eating the World, 17 January

Hey Everyone,

Good morning & TGIF! Today we’re diving into two other Wall Street giants - Citi whose transformation shows promise, but uncertainty remains (unpacking their latest numbers what they mean, what’s next & whether Citi is worth your time and money in 2025), and Wells Fargo’s Q4 2024, or how Fed asset cap is overshadowing strong fee income growth and cost controls (breaking down the key numbers, what they mean & what’s next for Wells Fargo). So let’s just jump straight into the interesting stuff 🌶️

Citi's transformation shows promise, but uncertainty remains 👀🏦

Earnings calling ☎️ Citi C 0.00%↑ shares jumped after fourth-quarter earnings beat estimates on the top and bottom lines, reflecting broad strength across the bank.

In short, Citi's Q4 2024 and full-year results reveal a company in transition, making steady progress on its strategic initiatives while facing notable challenges.

Let’s take a closer look at this, unpack the most important numbers, and see whether Citi is worth your time and money in 2025 and beyond.