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Citi beats profit on trading strength, but cuts return targets after 'critical' year
Citigroup beat estimates for fourth-quarter profit, fueled by strength in trading and dealmaking, and announced a $20 billion buyback program as it cut a closely watched return target. Shares of the third-largest U.
Citigroup beats revenue estimate as it swings to a profit
Citigroup Inc. said its fourth-quarter revenue rose 12% to $19.58 billion, which topped the FactSet consensus estimate of $19.51 billion. The bank swung to a fourth-quarter profit of $1.34 a share against a year-ago loss of $1.
Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
Citigroup posted fourth-quarter net income of $2.86 billion, an improvement from a net loss of $1.84 billion a year ago. Last year, Citi's results were weighed down by charges it booked in the final period of 2023,
Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks
Citigroup cut its closely watched profitability target in 2026 as it tackles rising regulatory expenses and, at the same time, announced a $20 billion share buyback program. Citigroup beat estimates for fourth-quarter profit,
11h
Federal Reserve rate cuts could create more harm than good
Financial markets are still concerned about inflation. The Fed influences short-term interest rates, which are falling, but ...
5d
Big Bank earnings coming up: Citi, JPMorgan, Goldman, BofA
JPMorgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) report on Wednesday, while Bank of America (BAC) and Morgan ...
8d
Citi expects rally in global stocks to extend into 2025, sees 10% EPS growth
Citigroup said on Friday it was expecting a rally in global equities to extend into 2025, as falling interest rates and ...
4d
Citi’s top small-cap stock picks for 2025
The broker released its best investment ideas for the smaller end of the sharemarket this year, which includes a retailer, a ...
3d
Stock Market Today: Major Banks to Report Earnings, Followed by Key Inflation Data
Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
3d
on MSN
Citigroup Swings to Profit on Trading Strength, Surging Deals
Wall Street's dealmakers have also cashed in on a revival in mergers, acquisitions and initial public offerings after an ...
CNBC
11d
How the emergency Fed rate cut surrounding coronavirus impacts your credit card
The
Federal
Reserve
Board cut interest rates by half ... consider a card with a long promotional APR offer like the
Citi
Simplicity® Card.
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