Text size Dreamstime U.S. investors eager to trade after the holiday weekend will have plenty of news to digest, thanks to corporate earnings. More than 100 companies are slated to report this week—an...
Tag: Citigroup
Citigroup’s Net Income Drops 46% YoY in Q1 2022
Citigroup, one of the largest global financial services providers, recently released its results for the first quarter of 2022 (Q1 2022). For the reported period, Citigroup saw a net income of $4.3 bi...
Citigroup beats Q1 2022 revenue and earnings consensus estimates
Citigroup Inc. (NYSE: C) has announced a net income of $4.3 billion or $2.02 per share in Q1 2022, beating analyst estimates of $1.55 per share. The company had revenue of $19.2 billion which equally ...
Out With The Old — Why Arista Networks Is Crushing Cisco
Arista Networks, Inc. logo s(Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty … [+] Images) SOPA Images/LightRocket via Getty Images Supply chain challenges since the pande...
Citigroup C earnings 1Q 2022
Jane Fraser, incoming CEO of Citigroup. Citigroup Citigroup is scheduled to report first-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects: Earnings: $1.55 a sha...
U.S. Stocks Poised to Open Slightly Higher on Monday
It will be an abbreviated trading week, with U.S. markets closed on Friday. ANGELA WEISS/AFP/Getty Images Text size U.S. stocks are set to open Monday slightly higher. On Sunday night, Dow Jones Indus...
Former executives from Citigroup are aiming to raise $100 million for bitcoin hedge funds
TL;DR Breakdown Citigroup’s former co-head of futures at the firm’s big FX trading and clearing business. Experienced hedge fund managers are putting huge bets. PwC survey claims $3.8 billion worth of...
Citigroup Executives Seek $100M for Crypto Hedge Fund
Three former Citigroup Inc. executives have left the Wall Street bank to form Motus Capital Management, a company aiming to make it easier for high net-worth individuals to invest in cryptocurrencies....
Wall Street Banks Could Lose Billions In Russia—Here’s How Much Exposure They Have
Topline The conflict in Ukraine has caused many of Wall Street’s biggest banks to begin winding down their business in Russia, but they could still face billions of dollars in losses as they reduce ex...
Should I buy Citigroup shares ahead of first-quarter earnings results?
Citigroup Inc. (NYSE: C) shares have weakened more than 10% since the beginning of the 2022 year, and the current price stands at $52.33. Citigroup is scheduled to announce first-quarter earnings resu...
Saperstein just called it quits on the sinking Citigroup stock
2022 has been rather rude to Citigroup Inc (NYSE: C) that’s down 20% for the year – a decline big enough for Richard Saperstein to call it quits on the Wall Street bank. Why Saperstein pul...
The Fed Has Begun Raising Interest Rates. Here’s When It Will Start to Cut.
Text size The Fed is battling inflation. Gasoline prices are a big part of the problem. Joe Raedle/Getty Images Financial markets deserve their reputation for focusing on the future. Investors are loo...
Bank Earnings Are Coming. One Stock Analysts Like—and Another They Say to Sell.
Text size Analysts say Bank of America is positioned to do well in the current economy. Stephen Chernin/Getty Images With bank earnings coming in a few weeks, Bank of America is looking like a winner ...
Citigroup heads of digital asset division resign to open a crypto startup
Two executives heading Citigroup’s digital asset division have announced plans to leave the Wall Street firm and venture into the cryptocurrency and blockchain sector. The duo, Greg Girasole and Alex ...
Citigroup CEO Jane Fraser sees ‘tremendous upside’ in stock after tepid Investor Day response
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., smiles during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. The confe...
Citigroup CEO: ‘I think there’s tremendous upside in our stock’
It’s been a tough few weeks for Citigroup Inc (NYSE: C), with the stock down nearly 15% in less than a month, but CEO Jane Fraser says, “there’s tremendous upside in our stock.&rdquo...
Citigroup releases financial targets at first Investor Day under CEO Jane Fraser
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup CEO Jane Fraser is s...
Former Citigroup Executive Joins Provenance Blockchain as CEO
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Citigroup CEO faces disgruntled workers, regulators’ demands in tough first year
Citi CEO Jane Fraser makes brief remarks during a meeting with U.S. President Joe Biden and fellow chief executives to discuss the looming federal debt limit in the South Court Auditorium in the Eisen...
T-Mobile Will Reportedly Terminate Office Workers Who Are Not Fully Vaccinated Against Covid By April 2
Topline T-Mobile US will fire corporate employees who aren’t fully vaccinated against Covid-19 by April 2, Bloomberg reported Saturday, in what would be one of the strictest Covid policies instituted ...
Hong Kong SFC Fines Citigroup’s Asia Subsidiary $44.68 Million
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited and also slapped a fine of HK$348.25 million (around $44.68 million) for some serious regulato...
Here’s How Much More Big Banks Spent Last Quarter Amid Rising Inflation Pressures
Topline Morgan Stanley and Bank of America were the latest major banks to report solid earnings on Wednesday, though both firms reported a smaller increase in expenses than rivals like JPMorgan Chase ...
Stock Market Sell-Off Continues As Rates Surge, Goldman Sachs Falls 8%
Topline The stock market plunged on Tuesday after Goldman Sachs reported disappointing quarterly earnings—continuing a trend of lackluster bank results, while surging government bond yields hit two-ye...
Banks’ Earnings Show Lenders Aren’t All the Same. It’s Time to Pick and Choose.
Text size JPMorgan Chase and Citigroup both reported declines in trading revenue. Justin Sullivan/Getty Images The time has come to take a stock-picking approach to investing in banks. That was the le...
Should I buy Citigroup shares after Q4 results?
Citigroup Inc. (NYSE: C) shares have advanced nearly 10% since the beginning of the 2022 year, and the bank reported strong fourth-quarter results this Thursday. Citigroup continues to benefit from st...
Here’s Why Big Bank Stocks Like JPMorgan Are Struggling Despite Solid Earnings
Topline Shares of several major banks tanked on Friday—even after reporting solid quarterly earnings—as reports underwhelmed investors and some firms warned about rising expenses and “inflationary pre...
Moderna and Novavax Stocks Get Whacked by Supreme Court’s Vaccine Decision
Text size A nurse takes a Moderna Covid-19 vaccines ready to be administered at a vaccination site Apu Gomes/AFP via Getty Images Novavax stock and shares of other vaccine makers fell Friday after the...
Wells Fargo Stock Rises as Earnings Easily Top Estimates
Text size Wells Fargo bank David Paul Morris/Bloomberg Wells Fargo shares got a boost early Friday after the bank’s fourth-quarter earnings easily topped Wall Street’s expectations. Profits at the San...
Bank Stocks: JPMorgan Earnings Top Views; Citigroup Wells Fargo On Tap
JPMorgan Chase (JPM) and Wells Fargo (WFC) reported better-than-expected fourth-quarter earnings early Friday, with Citigroup (C) on tap before the open, amid the Federal Reserve’s plan to raise...