Citigroup Inc. (C) Presents at Barclays Global Financial Services Conference (Transcript)

Citigroup Inc. (NYSE:C) Barclays Global Financial Services Conference September 13, 2022 2:15 PM ET

Company Participants

Mark Mason - Chief Financial Officer

Conference Call Participants

Jason Goldberg - Barclays Capital

Jason Goldberg

Next up, I’m very pleased to have Citigroup with us kicking off at least on day two of our conference in this room, we'll kick back off 7:30 tomorrow morning. From the company, Mark Mason, Chief Financial Officer.

Question-and-Answer Session

Q - Jason Goldberg

And just maybe throw up the first ARS question as the rest of people take their seats. But just what's your current position in the shares of Citi? And Mark, as people answer that, maybe we'll just kick it right off. Clearly, you have a unique macro view given your footprint. Maybe what are you watching most closely at this point? We'll start with that.

Mark Mason

Sure Jason, first of all, thanks for having us. I appreciate the opportunity. And as we were talking, just as we got started, I mean, it's hard to miss the headlines today with CPI and the print there being about 20 basis points higher than what was expected and the overall market reaction is pretty significant.

But as we take a step back, I mean, we're watching all of these indicators, as I think everyone is. And we're seeing a shift in global consumer demand away from goods and towards services. And that's, obviously, playing out in a world where inflation is of a concern, interest rate movement is a miss, recessions are of a concern. So we're watching all of those things very, very closely.

We're also seeing supply chain pressures start to ease a bit, which is a good sign, and we're having constant dialogue with clients around what that means for their supply chains. We'll have a