Truist / Citi ER

Ah, the classic debate between Truist and Citi for Equity Research (ER)! While the WSO threads don't spill a whole lot of beans on this topic, let's swing through what we do know:

• Citi: Known for its global presence and strong research capabilities, Citi has a robust Securities Service that includes prime finance, futures clearing & collateral, custody & fund services, and direct custody & clearing. Some groups within this service include Delta one, securities lending, investor services. It's mentioned that Citi has a high return rate for summer interns, which could imply a strong and structured ER program.

• Truist: Post-merger, Truist has been on a growth trajectory, especially within its Securities business. They've been hiring senior bankers to build out groups like TMT and Sponsors. This indicates a commitment to strengthening their ER and other investment banking services. However, specific details on their ER performance or reputation aren't explicitly detailed in the threads.

For more granular insights, you might want to check out the latest IB reports on WSO or reach out to current or former employees on the forum for their firsthand experiences. Remember, the best intel often comes from the primates who've swung through those vines themselves!

Sources: Truist’s Strengths in IB?, Citi Securities Service VS Barclays Equity Research. which one??, Evaluating Commercial Banks - Earnings (part 2), Truist Pay Raise?, Let the Games Begin | The Daily Peel | 4/17/2023