Citigroup Inc. (NYSE:C) Q1 2024 Earnings Call Transcript

Mark Mason: Sure, I think you should just fade it to answer your question very directly. But I’d also point out that, you know, in Q1, if you really look through to it, it has the $250 million of FDIC charge in it. And so when you back that out, we effectively are coming in lower than what we had guided. All right? Despite that, I’m telling you the same — I’m making the same point, which is you can expect a downward trend from here through to the end of the year. And while there won’t be additional restructuring charge, there will be the normal BAU activity around repositioning that plays through. So hopefully, that answers your question, Betsy. The guidance still holds and the downward trend is what we are managing towards as we kind of play out the balance of the year.

Operator: There are no further questions. I will turn the call over to Jenn Landis for closing remarks.

Jennifer Landis : Thank you all for joining us. If you have any follow-up questions, please call us and we look forward to talking to you. Thank you very much.

Operator: This concludes the Citi First Quarter 2024 Earnings Call. You may now disconnect.