President-elect Donald Trump's potential tariffs may result in more business for the bank as clients re-evaluate trading partners and supply chains.
Warren Buffett and his company, Berkshire Hathaway, have made a name for themselves by generating great returns for decades. That, coupled with the power of time and compounding, has led Berkshire's stock to widely outperform the S&P 500, which has a good history itself.
Strategists at Citigroup say investors are increasingly giving up on bets against the U.S. stock market.
C nears divesting Banamex as part of its restructuring efforts to exit the retail banking business in some markets and invest in sectors with high potential.
Warren Buffett and Ken Griffin share a few things in common. First, they're both billionaires and highly respected investors.
CEO Jane Fraser is moving closer to a spinoff of Mexican consumer bank Banamex.
C's investment in Pylon will help automate mortgage origination and offer interim funding to consumers until the loans reach the capital markets.
C plans to cut year-end promotions as part of the organizational overhaul plan to achieve cost efficiency.
Citigroup has appreciated over 50% in the past year, yet still trades at a discount, offering a 3%+ dividend yield and potential for further gains. Under Jane Fraser's leadership, Citigroup has reduced expenses, increased revenue, and is well-positioned for a lower-rate environment, making it a strong value play. Despite risks like regulatory changes and economic downturns, Citigroup's turnaround efforts and strategic partnerships signal continued growth and undervaluation compared to peers.
Citigroup's recent financials show stable top-line performance but falling profitability due to ongoing investments in tech and human capital. We expect these investments to pay off over the next few years, as EPS appears set to grow substantially into 2030. The Company's valuation is attractive, with low P/E and P/B ratios compared to peers.
Just 2,000 Citi employees can look forward to an early Christmas present of a pay raise and a more senior title, down from 8,000 in previous years, the FT reported.
Citigroup announced on Tuesday it is hiring Kate Moore as its new wealth division's chief investment officer.