Citigroup continues its turnaround, with solid revenue growth across all segments and strong operating efficiency driving profitability. C reported Q3 revenues up 9% YoY, beating expectations by $907M, showing major outperformance in the quarter. EPS rose 23% YoY, ROE and ROTCE improved, and capital returns to shareholders reached $6.1B, highlighting robust financial performance.
Is the C stock worth holding on to as its overhaul, cost cuts, and private lending push drive growth and strengthen its long-term outlook? Let us find out.
C is accelerating its push into private markets through major partnerships with BlackRock, Carlyle and Apollo to drive diversified growth.
Citigroup's stock price appreciated after it delivered solid second-quarter earnings amidst a volatile macro environment. Warner Bros Discovery's stock price surged by 29% in a single trading session in September – its best day on record – amid reports that it is an acquisition target for Paramount-Skydance. Charter Communications' stock price declined after it reported weak second-quarter earnings.
Does Citigroup's sweeping overhaul and cost cuts offer greater long-term upside than Goldman's focused restructuring? Let us find out.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Citigroup and cryptocurrency exchange Coinbase plan to collaborate on digital asset payment solutions for the U.S. bank's institutional clients, to expand the offering to global clients in the future.
Citi and Coinbase plan to collaborate on digital asset payment capabilities for the bank's clients, starting with its institutional clients and potentially expanding to its other global clients in the future.
The moves reflect steps to ensure leadership continuity atop the New York bank, and are directly tied to Fraser's performance as CEO, Citigroup said.
C is set to exceed $84B in 2025 revenues as CEO Jane Fraser's transformation plan fuels growth, efficiency and strategic expansion.
C's Q3 earnings surge past estimates on robust NII and investment banking growth, sending the stock higher in pre-market trade.
Citigroup CEO Jane Fraser said the company's use of artificial intelligence has saved time and allowed it to free up 100,000 hours of weekly capacity for software developers.