Citigroup CEO Jane Fraser said on the October 13 earnings call that the bank is focused on reducing systemic risk while deploying AI firmwide, CNBC reported. Citi's third-quarter profit jumped 40% from a year earlier, beating expectations.
Analysts on the big-bank calls raised both operational advantages and the threat of rogue agents, CNBC reported, and all six major bank stocks fell after reporting. The coverage we reviewed did not include a dollar return on Citi's AI program.
Source: CNBC