Citigroup CEO is betting the U.S. economy can weather the tariff storm - MarketWatch
1. Citigroup's profit surged 21% to $4.1 billion, exceeding expectations. 2. Operating expenses decreased by 15%, boosting profitability significantly. 3. Citigroup reported a 12% increase in total markets revenue. 4. The bank increased its allowance for credit losses amid macroeconomic concerns. 5. Citigroup engaged in $2.8 billion of buybacks and dividends this quarter.