Citigroup
Q1 2022 Earnings Call
Apr 14, 2022, 11:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Hello, and welcome to Citi's first quarter 2022 earnings review with Chief Executive Officer Jane Fraser and Chief Financial Officer Mark Mason. Today's call will be hosted by Jen Landis, head of Citi investor relations. [Operator instructions] Ms. Landis, you may begin.
Jen Landis -- Head of Investor Relations
Thank you, operator. Good morning, and thank you, all, for joining us. I'd like to remind you that today's presentation, which is available for download on our website, citigroup.com, may contain forward-looking statements, which are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these statements due to a variety of factors, including those described in our SEC filings.
With that, I'll turn it over to Jane.
Jane Fraser -- Chief Executive Officer
Thank you, Jen. And I'd like to start by reiterating my appreciation to those of you who participated in our investor day last month. We greatly valued the opportunity to walk you through our refreshed strategy and our plans for the next few years. Given how much time we spent on our strategy that day, today, we'll be focusing on the quarter.
Nonetheless, as we committed, we will keep you updated on our progress. And you can see the latest report card on Slide 2. Today is also the first time we're reporting quarterly results under our new segmentation, which will help you track our efforts. I've got to say, it feels like an understatement to say that a lot has happened since investor day.
So, I'm going to talk about the macroenvironment first. And then after I talk about the quarter, I'll discuss how we're handling Russia. And Mark is also going to go through it in more detail. We've been on the front foot since the potential for war first emerged, and we intend to remain so.
The Russian invasion of Ukraine and the sanctions it triggered unleashed an enormous supply shock on the world, further fueling inflation and placing global growth under considerable pressure. Back recently from seeing clients in Europe and the Middle East, it is security, yet energy, food, defense, cyber, or operational resilience that has risen to the top of their strategic dialogue. The macro outlook for the rest of the year can only be described as complex and uncertain. And while my job is to prepare for all outcomes, our view is that strong nominal income growth and continuing momentum in the labor market will help support near-term growth in the U.S.