The earnings train continues on with Goldman Sachs, Bank of America, and Wells Fargo checking in today. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Tune in on Tuesday, October 27 at 12:00 pm ET for a virtual event sponsored by Salesforce, looking at how Professional Services firms are navigating and driving growth during the COVID-19 era. Register here. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco. Typically, bank earnings calls aren't the most exciting events. It's a chance for analysts to ask why a certain number wasn't higher or lower, or what *insert some obscure regulation* will mean for the future of the bank's balance sheet. That was not the case, however, during Citi's third-quarter earnings call on Tuesday. Citigroup CEO Mike Corbat and chief financial officer Mark Mason had to field a barrage of pointed questions from analysts. That included asking about the status of Corbat's succession plan, steps the bank took prior to the $400 million fine it faced from regulators, and Citi's strategy for cleaning up its risk, compliance, and infrastructure issues. Reed Alexander has the full rundown from what was a memorable earnings call. Click here to read the entire story. They don't just rep you. They invest in you, too. Nice piece by Jack Newsham on lawyers taking stakes in their clients. Check out the story here. |
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