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Citigroup Inc. (C.BA)

20,729.50

+57.50

(+0.28%)

At close: April 18 at 4:56 PM GMT-3

Why Citigroup Is My Favorite Buffett Stock

The bank appears to be underearning and trades at a bargain price

GuruFocus.com 14 hours ago

C
Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income

As the U.S. financial sector grapples with recent earnings releases, investor reactions have been mixed. Some stocks are witnessing declines. Others are posting gains. See below. Banks Q1 Earnings Reports And Market Reactions, So Far Company Ticker Mkt Cap ($ mn) Price ($) Rating JPMorgan Price Target End Date Q1 Earnings Date EPS Revenue Stock Reaction (since earnings) as of April 18, 2:40 PM ET Citigroup Inc. C 119,590.80 62.84 N 64 Dec-24 Apr 12 Beat Beat -4.46% Wells Fargo WFC 206,396.90 57.

Benzinga yesterday

C

SDAWW

WFC
Bank of America CEO: The Federal Reserve is winning the war on inflation

Bank of America CEO Brian Moynihan weighs in on the fight against inflation and another solid quarter of consumer spending.

Yahoo Finance yesterday

BAC

C

JPM
Wall Street Takes New Role as Matchmaker to Private Credit

(Bloomberg) -- Banks have found another way to fight back after private lenders have grabbed ever larger pieces of the lucrative business of financing leveraged buyouts.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching New JobsChina Tells Iran Cooperation Will Last After Attack on I

Bloomberg yesterday

C

GSC
Wall Street says a Wall Street revival is finally here

Big bank bosses are not hiding their enthusiasm about Wall Street as first quarter jumps in investment banking spur new hopes for a sustained dealmaking revival.

Yahoo Finance yesterday

JPM

C

GS
Deposits are banking industry's 'boogeyman': Money manager

Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major financial players who have reported earnings so far. Hennessy Funds Portfolio Manager David Ellison joins Market Domination to discuss the biggest boons and challenges for the banking sector. "I think the boogeyman or the real new issue is what's going to happen to the deposit side," Ellison explains. "Since the Silicon Valley-First Republic issues of a year or so ago, the deposit side has really been exposed as a risk factor for the industry that we've never had. So you see most of these large banks losing non-interest bearing deposits to the market..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 days ago

BAC

PNC

JPM
Investment Banking Bounceback Powers Big U.S. Lenders

Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected earnings thanks to strong consumer spending and a flurry of Wall Street activity.

The Wall Street Journal 2 days ago

MS

C

BAC
Citi’s Muni Exit Creates Liquidity Test If Downturn Hits Market

(Bloomberg) -- The recent departure of Citigroup Inc., a perennial top-10 underwriter of municipal debt, from that industry may eventually pose a challenge in the next muni downturn, said officials at two of the largest market participants.Most Read from BloombergUS Yields Spike as Hawkish Powell Puts 5% in Play: Markets WrapDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Econ

Bloomberg 2 days ago

C

BLK
Big banks led by Citi continue to trim staff to cut costs

(Reuters) -U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop. Headcount at Citi declined by 2,000 employees after the third-largest U.S. lender completed a sweeping reorganization aimed at improving profits and reducing management layers. Headcount at Bank of America, Wells Fargo and PNC Financial declined by about 2,000 jobs combined in the three months ended March 31 compared with the previous quarter.

Reuters 2 days ago

C

SDAWW
Wall Street bosses cheer investment banking gains but stay cautious

Wall Street's bosses are finally seeing signs of a broader pickup in investment banking, but they are not cheering too loudly just yet. Investment banking divisions showed robust growth in the first quarter for the largest U.S. banks, which reported surging revenues and fees. Capital markets led the comeback, executives said.

Reuters 2 days ago

C

MS
Citigroup Inc. (NYSE:C) Q1 2024 Earnings Call Transcript

Citigroup Inc. (NYSE:C) Q1 2024 Earnings Call Transcript April 12, 2024 Citigroup Inc. beats earnings expectations. Reported EPS is $1.58, expectations were $1.13. C isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello and welcome to Citi’s First Quarter 2024 […]

Insider Monkey 2 days ago

C
Investors Heavily Search Citigroup Inc. (C): Here is What You Need to Know

Citigroup (C) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Zacks 2 days ago

C
Wall Street surge lifts Morgan Stanley and new CEO Ted Pick

A Wall Street revival helped Morgan Stanley beat analyst expectations in the first quarter, giving a lift to new CEO Ted Pick.

Yahoo Finance 2 days ago

JPM

WFC

C
Bank of America profits drop as key lending revenue weakens

The results from the nation's second-largest lender offer the latest example of how even the biggest banks are increasingly challenged by high interest rates.

Yahoo Finance 2 days ago

WFC

GS

MS
CitiGroup Announces Full Redemption of Series D Preferred Stock

NEW YORK, April 15, 2024--Citigroup Inc. is redeeming, in whole, all $1.25 billion aggregate liquidation preference of Series D Depositary Shares representing interests in its 5.350% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series D (the "Preferred Stock").

Business Wire 3 days ago

C
UPDATE 1-Citi wealth division's CIO Bailin to depart after 15 years

Citigroup's David Bailin, chief investment officer (CIO) at the global wealth division, will leave on May 15 after 15 years at the bank, he said in a LinkedIn post on Monday. Bailin became the global head of investments in 2017 and took his current job in 2019. Before joining Citi, he was the head of alternative investment asset management for Bank of America's global wealth and investment management.

Reuters 3 days ago

C
Citi wealth division's CIO Bailin to depart after 15 years

(Reuters) -Citigroup's David Bailin, chief investment officer (CIO) at the global wealth division, will leave on May 15 after 15 years at the bank, he said in a LinkedIn post on Monday. Bailin became the global head of investments in 2017 and took his current job in 2019. Before joining Citi, he was the head of alternative investment asset management for Bank of America's global wealth and investment management.

Reuters 3 days ago

C
Citi wealth division's CIO Bailin to depart

Citigroup's David Bailin, chief investment officer (CIO) at the global wealth division, will leave next month after 15 years at the bank, he said in a LinkedIn post on Monday. Bailin, who became the global head of investments in 2017 and took charge as the wealth division's CIO in 2019, said May 15 would be his last day at the company. Citi did not immediately respond to a Reuters request for comment.

Reuters 3 days ago

C
Bank Earnings: A Roundup of Journal Coverage

Bank earnings season continues today, with results from Goldman Sachs. That follows results from JPMorgan Chase, Wells Fargo and Citigroup last week. Investors watch bank earnings for news about the individual banks and the financial sector broadly, but also for insights about the state of the economy.

The Wall Street Journal 3 days ago

WFC

JPM

C
First Quarter Bank Earnings Brought The Revival That Wall Street Needed

The first quarter reports officially kicked off with bank earnings, as usual. On Friday, Wells Fargo & Company (NYSE: WFC), JPMorgan Chase & Co (NYSE: JPM) and Citigroup Inc (NYSE: C) opened the season, reporting strong results. On Monday, they were joined by The Goldman Sachs Group Inc (NYSE: GS) who also posted better than expected earnings due to a rebound in global M&A activity that fueled revenue for its biggest division. Wells Fargo topped estimates with first quarter profit. Wells Fargo r

Benzinga 3 days ago

C

GSC

JPM

Performance Overview

Return	C.BA	S&P 500
YTD	+24.04%	+5.06%
1-Year	+206.49%	+20.71%
3-Year	+467.21%	+19.73%

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Citigroup Inc. (C.BA)

Why Citigroup Is My Favorite Buffett Stock

Market Reaction To Bank Earnings Is Mixed, JPMorgan Analysts Project Further Decline In Net Interest Income

Bank of America CEO: The Federal Reserve is winning the war on inflation

Wall Street Takes New Role as Matchmaker to Private Credit

Wall Street says a Wall Street revival is finally here

Deposits are banking industry's 'boogeyman': Money manager

Investment Banking Bounceback Powers Big U.S. Lenders

Citi’s Muni Exit Creates Liquidity Test If Downturn Hits Market

Big banks led by Citi continue to trim staff to cut costs

Wall Street bosses cheer investment banking gains but stay cautious

Citigroup Inc. (NYSE:C) Q1 2024 Earnings Call Transcript

Investors Heavily Search Citigroup Inc. (C): Here is What You Need to Know

Wall Street surge lifts Morgan Stanley and new CEO Ted Pick

Bank of America profits drop as key lending revenue weakens

CitiGroup Announces Full Redemption of Series D Preferred Stock

UPDATE 1-Citi wealth division's CIO Bailin to depart after 15 years

Citi wealth division's CIO Bailin to depart after 15 years

Citi wealth division's CIO Bailin to depart

Bank Earnings: A Roundup of Journal Coverage

First Quarter Bank Earnings Brought The Revival That Wall Street Needed

Performance Overview