Citigroup is highlighting its services business, which handles money movement globally, as central to its corporate transformation at an investor day event. This segment is becoming an increasingly important driver of profits for Citi, accounting for almost half of total earnings last quarter. Analysts see this unit processing payments and moving funds between accounts as a "crown jewel" and "diamond in the rough" at the lagging financial institution. Investors will receive an in-depth presentation on the services division's operations and growth strategies from Citi leadership on Tuesday.
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00:00It's Benzinga, and here's what's on the block.
00:03Citigroup is highlighting its services business, which handles money movement globally as central
00:07to its corporate transformation at an Investor Day event.
00:11This segment is becoming an increasingly important driver of profits for Citi, accounting for
00:15almost half of total earnings last quarter.
00:18Analysts see this unit processing payments and moving funds between accounts as a crown
00:22jewel and diamond in the rough at the lagging financial institution.
00:27Investors will receive an in-depth presentation on the services, divisions, operations, and
00:31growth strategies from Citi leadership on Tuesday.
00:33For all things money, visit Benzinga.com.