C - Citigroup Inc.
| Previous Close | 70.28 |
| Open | 70.40 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 69.75 - 70.84 |
| 52 Week Range | 58.93 - 80.70 |
| Volume | 17,629,879 |
| Avg. Volume | 18,266,858 |
| Market Cap | 179.223B |
| Beta | 1.49 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.83 |
| Earnings Date | Jul 13, 2018 |
| Forward Dividend & Yield | 1.28 (1.83%) |
| Ex-Dividend Date | 2018-02-02 |
| 1y Target Est | 83.89 |
- Financial Times•9 hours ago
[$$] US companies count costs and benefits of Trump tax law
In all, the FT analysis shows, 61 of the top 100 quoted companies have reported an initial net income tax expense, amounting to a combined $168bn. The remaining 39 have reported one-off net tax benefits worth a total of $150bn, meaning that the biggest overhaul of the tax code for a generation has cut $18bn from the current book value of its leading public companies.
- MarketWatch•yesterday
New accounting rule raises revenue for big banks, but not all are highlighting the change
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.
- Market Realist•yesterday
Is Morgan Stanley Fairly Valued?
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.
- Market Realist•yesterday
How Wall Street Views Morgan Stanley after Its Strong Results
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.
Yahoo Finance•2 days agoWells Fargo hit with $1 billion fine
The CFPB and OCC fined Wells Fargo $1 billion relating to unfair practices with mortgage rate fixing and auto loan insurance.
- Market Realist•2 days ago
Why JPMorgan Chase Is Commanding Premium Valuations
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.
- Market Realist•2 days ago
How Analysts Are Rating JPMorgan Chase after Its 1Q18 Results
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.
- The Wall Street Journal•3 days ago
Growth in Banks’ ROEs Gets Boost From New Tax Law
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 ...
- Investing.com•3 days ago
Bitcoin Rises; Crypto Funds Report Losses in Q1
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.
- Market Realist•3 days ago
How Wall Street Is Evaluating Goldman Sachs after 1Q18
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.”
- The Wall Street Journal•3 days ago
Stock Sales in a Volatile Quarter Push a U.S. Bank Up Asian League Tables
Citigroup Inc. found itself in an unusual position in Asia at the end of the first quarter—at the top of league tables for stock underwriting and related activities in the region.
Market Realist•4 days agoHow JPMorgan Chase Is Performing in Core Banking Ops
JPMorgan Chase’s (JPM) Commercial Banking segment posted revenue of $2.2 billion in 1Q18, up 7% from 1Q17. The segment managed higher revenue on net interest income growth of 14% partially offset by lower investment banking revenue.
- Market Realist•4 days ago
Goldman Sachs’s Trading Performance in 1Q18 and 2018
The bank posted net revenues of $4.4 billion in 1Q18 for the Institutional Client Services or ICS segment, growth of 85% from 4Q17 and 31% from 1Q17, reflecting a strong rebound from laggard performance in 2H17. The ICS segment’s fixed income, currencies, and commodities trading revenues increased 23% to $2.07 billion, helped by currencies, higher commodity prices, and credit products and partially offset by rates and mortgages. Goldman has taken advantage of higher fluctuations in products outside of equities, and it managed to get an edge over other bankers.
- Business Wire•4 days ago
Citi 2018 Annual Stockholders’ Meeting
Citigroup Inc. will hold its 2018 Annual Stockholders' Meeting on Tuesday, April 24, 2018, at 9 a.m. CDT at The Great Hall of the Congress Plaza Hotel in Chicago, IL.
- InvestorPlace•4 days ago
Wintrust Financial Corp Pulls Off Another Solid Quarter
For the first quarter, Wintrust Financial Corp (NASDAQ:WTFC) continued its winning ways. Wintrust Financial Corp likes to refer to itself as the “alternative” to the big banks like Bank of America Corp (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc (NYSE:C).
- Market Realist•4 days ago
JPMorgan Sees Rebound in Trading, Underwriting Declines
JPMorgan Chase’s (JPM) Corporate and Investment Bank (or CIB) segment managed net revenue of $10.5 billion in 1Q18, higher than its revenues of $9.6 billion in the previous year and $7.5 billion in the previous quarter.
- Market Realist•4 days ago
Goldman Sachs Outperforms in 1Q18 on Trading, Underwriting
Goldman Sachs (GS) posted its strongest quarterly numbers in three years. The investment banking giant posted earnings per share or EPS of $6.95, compared to estimates of $5.58, helped by lower taxes, a rebound in trading, and debt underwriting. It boosted shareholder payouts, with dividends rising to $0.80 per share and repurchases totaling $800 million.
- Market Realist•4 days ago
JPMorgan’s 1Q18 Impresses on Taxes, Trading, and Banking
JPMorgan Chase (JPM) posted EPS (earnings per share) of $2.37 in 1Q18, beating analysts’ estimate of $2.28 aided by tax cuts, higher investment banking and trading revenues, banking growth, and higher interest spreads and partially offset by the subdued performance of its Asset Management segment. The bank posted revenue of $28.5 billion, up 11% on a sequential basis and 10% on a YoY (year-over-year) basis.
- Investopedia•4 days ago
Charles Schwab: Volatility Bringing Investor Sentiment Back to Earth
With lofty valuations the norm heading into 2018, Charles Schwab's Chief Market Strategist Liz Ann Sonders said that a dent in investor optimism could prove to be helpful to the stock market. Heading into 2018, investors had grown accustomed to stocks moving higher seemingly every month with little in terms of volatility. February marked a turning point, with volatility back with a vengeance and equities hitting correction levels.
Yahoo Finance Video•2 days agoMARKETS: Stocks are dropping, but selling strength is muted
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
- Bloomberg Video•2 days ago
Trump One of Many Wildcards in Oil Market, Says Citi's Eric Lee
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."
Yahoo Finance Video•2 days agoWells Fargo pays major fine, Steve Madden beats on earnings, report hints at red flags regarding Apple sales
Wells Fargo, Steve Madden, Facebook, Apple, AT&T and Time Warner are the companies to watch.
Yahoo Finance Video•3 days agoMARKETS: Forget the yield curve, bond market volatility is on the MOVE and spooking stocks
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action.
- CNBC Videos•4 days ago
Cramer disagrees with Wall Street's 'downbeat' bank outlo...
Jim Cramer pushes back on theories that the big banks aren't performing as well as they should be.
- CNBC Videos•4 days ago
Cramer rebels against Wall Street's 'downbeat' outlook on...
Jim Cramer pushes back on theories that the big banks aren't performing as well as they should be.
