|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||68.40 - 70.62|
|52 Week Range||58.93 - 80.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 13, 2018|
|Forward Dividend & Yield||1.28 (1.83%)|
|1y Target Est||84.13|
Apr.23 -- Mike Mayo, Wells Fargo securities senior analyst, discusses Citigroup and who will be the new chairman. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
Apr.23 -- Mike Mayo, Wells Fargo Securities senior bank analyst, says the bank earnings results validate his bullish take on the sector. He speaks with Vonnie Quinn on "Bloomberg Markets."
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Apr.20 -- Eric Lee, energy strategist at Citigroup, discusses the market impact of President Donald Trump's Friday morning tweet on OPEC and oil prices. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
Wells Fargo, Steve Madden, Facebook, Apple, AT&T and Time Warner are the companies to watch.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.
Citigroup Inc., home to one of the world’s biggest bond brokerages, is restructuring its credit markets, municipal securities and securitized markets operations into a new unit to be led by Mickey Bhatia ...
Citigroup Inc Chairman Mike O'Neill said on Tuesday all options were being considered to find a successor before he steps down in the next 12 months, after reaching the retirement age of 72. The options include having Citigroup Chief Executive Officer Mike Corbat take on the additional role of chairman, O'Neill said at the Wall Street bank's annual shareholder meeting.
Citigroup Inc (C.N) Chairman Mike O'Neill said on Tuesday all options were being considered to find a successor before he steps down in the next 12 months, after reaching the retirement age of 72. The options include having Citigroup Chief Executive Officer Mike Corbat take on the additional role of chairman, O'Neill said at the Wall Street bank's annual shareholder meeting. O'Neill added he was "a bit agnostic" about keeping the roles of chairman and CEO separate.
Venezuela's hyperinflation has turned the struggling OPEC nation's once-powerful banks into warehouses of useless cash that are worth a total of only $40 million, according to a Reuters analysis of regulatory ...
MOSCOW/LONDON, April 23 (Reuters) - In December, as news reports emerged about potential new U.S. sanctions against Russia, aluminium magnate Oleg Deripaska instructed advisers to draw up contingency plans, according to people close to the businessman and his firms. By adding Deripaska's businesses to its Specially Designated Nationals blacklist – the first time Washington had done so with a publicly-listed Russian company - the U.S. effectively choked off their access to the international financial system.
Nasdaq's Head of Blockchain Product Management, Johan Toll, told the Street recently that his company is "all in" on using blockchain technology for its own transactions, as well as supporting external marketplaces that are moving into blockchain-based solutions. Nasdaq first deployed blockchain technology on the secondary market it built, the Nasdaq Private Market, to enable the secure issuance and transfer of shares of privately-held companies.
ETF inflows maintained the strong momentum last week amid solid corporate earnings growth. According to FactSet, US-listed ETFs attracted $11 billion worth of inflows, which takes the year-to-date inflows to $82.1 billion. The smart recovery in global stocks inspired investors to put $7.9 billion into equities (JPM) (WFC) (C)—$6.8 billion was in US equities, while the remaining was in international equities. US fixed-income ETFs added $2.2 billion, while international fixed-income ETFs garnered $458 million. The benchmark ten-year Treasury yield rose to 3% compared to 2. ...
Citi has established a service for clients facing the SEC’s Rule changes affecting the U.S. mutual fund industry later this year. The SEC’s sweeping reporting modernization and liquidity risk management rules place an added operational burden on asset managers. Compliance with the rules requires additional market data, analytics and new reporting infrastructure.
As John Gerspach, Citigroup ’s chief financial officer, announced the bank’s first-quarter earnings this month, he told Wall Street analysts “the best is yet to come” from the overhaul of US corporate ...
JPM says revenue is higher by $303 million but Citi, Bank of America are less forthcomingReutersJP Morgan CEO Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain's Chancellor of the Exchequer George Osborne (not shown) at JP Morgan's corporate centre in Bournemouth, southern Britain, June 3, 2016. As new accounting standards for recognizing revenue take effect in the first quarter of 2018, big banks are taking decidedly different tacks in explaining how some revenues would be reported going forward, and why they are higher or lower than what investors may have expected. The biggest commercial and investment banks have already explained how new rules for reporting revenue, effective for most public companies on Jan 1, would impact results.
Morgan Stanley (MS) stock has fallen 4.6% over the past three months and risen 28.7% over the past year. In comparison, the overall sector (XLF) has fallen 6.4% and risen 19.1%, respectively. The bank’s asset management offerings, interest income, and consistent trading revenue have continued to support its strong performance.
Wall Street analysts were upbeat about investment bankers (XLF) in 1Q18 due to an expected spike in trading. Major banks managed to beat estimates and the overall forecast for 2Q18 is lower.
JPMorgan Chase (JPM) stock has generated a return of 13.1% in the last six months and 29.0% in the last year. In comparison, the financial sector (XLF) has grown 5.1% in the last six months and 18.6% in the last year, respectively.
Wall Street analysts are maintaining their bullish outlook on US banks (XLF) amid trade wars, lower taxes, and a push for domestic manufacturing. Among major bankers, JPMorgan Chase (JPM) has garnered 13 “buys” or “strong buys” out of 28 analysts in April 2018. Thirteen analysts have recommended “holds” on JPMorgan, whereas one has given it an “underperform” rating, and one has given it a “sell.” JPMorgan Chase commands a one-year mean price target of $121.78 compared to its current price of $110.30, reflecting average growth.
While the banks' first-quarter ROEs were strong, a significant chunk of the strength stemmed not from growth in the banks' operations, but from the sharply lower tax rates they're now enjoying because ...
Bitcoin and other virtual coins were higher on Thursday, while cryptocurrency hedge funds reported massive losses in the first quarter of 2018. Bitcoin was trading at $8,250.5, rising 1.77% as of 9:00 AM ET (1:00GMT) on the Bitfinex exchange. While Bitcoin was higher, it was still far from its peak of $20,000 in December.
Investment and commercial banks (XLF) were expected to benefit from higher trading revenues and lower taxes in 1Q18. All major bankers have beat estimates, reflecting strong operating performance and comfort from lower taxes. Among major bankers, Goldman Sachs (GS) commands a mixed rating outlook, with 10 out of 27 analysts calling for “strong buy or buy” ratings. Fifteen analysts have given “neutral” ratings, and four have assigned “underperform.”