Citigroup CFO Says Consumer Finances Are Broadly Healthy And Resilient, But Is Cautious Regarding Spending; Says Net Credit Losses And Delinquencies Are As Expected, Notes Some Softness In Retail Spending Categories
Portfolio Pulse from Benzinga Newsdesk
Citigroup's CFO reports that consumer finances are generally healthy and resilient, but expresses caution about spending. Net credit losses and delinquencies are in line with expectations, though there is some softness in retail spending categories.
October 15, 2024 | 1:29 pm
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Citigroup's CFO indicates that consumer finances are healthy, but there is caution regarding spending. Net credit losses and delinquencies are as expected, with some softness in retail spending.
The CFO's comments suggest stability in Citigroup's credit portfolio, with expected net credit losses and delinquencies. However, caution in consumer spending and softness in retail could impact future revenues.
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