Citi says ‘world is in a wait-and-see mode’

Says saw ‘continued momentum’ in each of five businesses. Says securities services gained share. Says Markets had a ‘good quarter’. Says Equities revenues up 23% y/y. Says M&A revenue nearly doubled. Says USPB was up 2%. Says portfolio continued to perform in line with expectations. Says Transformation investments continue to modernize infrastructure. Says integrating AI directly into business operations. Says ‘confident in ability to continuing delivering, despite uncertainty of the moment’. Says prolonged uncertainty generally hurts confidence. Says dollar will remain the reserve currency. Says confident company has built a strategy that will perform in a wide variety of macro environments. Says will remained disciplined about returning capital and managing expenses. Comments taken from Q1 earnings conference call.