Citigroup Inc. (C)
Better Warren Buffett Stock: Citigroup vs. Bank of America
Warren Buffett and his team at Berkshire Hathaway (BRK.A 1.42%) (BRK.B 1.11%) have long dabbled in bank stocks, owning almost every major Wall Street bank at one time or another over the past several decades. It's an industry Buffett has deep ties to and has done incredibly well with if you think back to Berkshire's timely bank stock investments during the Great Recession.
Citigroup's TTS Remains Its Crown Jewel - Recovery In Progress
C is inherently undervalued to its book value, presenting dual-pronged returns for opportunistic investors, driven by the ongoing restructuring and the crown jewel TTS. The bank's turnaround is evident with a robust top/ bottom-line growth across most segments, aside from the near-term challenges from the USPB segment. C has reported an improving efficiency ratio while reiterating a promising FY2026 RoTCE target, signaling potential outperformance over the next two years.
Citigroup cutting more jobs to meet CEO's expense goals despite strong quarter
Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank's clients, Bloomberg reported.
Citi Outperforms Analyst Expectations With 12% Revenue Growth, Confirms $20 Billion Buyback Plan
Citigroup Inc C reported a fourth-quarter fiscal 2024 revenue growth of 12% to $19.58 billion, topping the analyst consensus estimate of $19.48 billion.
Citigroup Q4 Earnings & Revenues Top Estimates, Expenses Down (Revised)
Strong IB revenues, along with lower expenses, support C's Q4 earnings. However, a decline in deposit balance is a headwind.
Q4 Earnings Season Kicks Off Strong
We are off to a solid start to the 2024 Q4 earnings season, with the big banks not only coming ahead of estimates but also providing reassuring guidance for the coming quarters.
Q4 Earnings Season Kicks Off Strong
We are off to a solid start to the 2024 Q4 earnings season, with the big banks not only coming ahead of estimates but also providing reassuring guidance for the coming quarters.
Citi Contends With Mobile App Outage, Directs Users to Website
Citibank is reportedly dealing with technical issues around fraud alerts, long wait times for customer calls to its fraud department, and access to its mobile app. Customers of the bank have been talking about these problems on X, and hundreds of users have flagged the issues on the website DownDetector.com, CNBC reported Wednesday (Jan. 15).
Citi Sees Growth Ahead From ‘High-End' Consumers
Citigroup's fourth-quarter earnings results were part of a trend in banking reports Wednesday (Jan. 15), where consumer spending continued to drive momentum on cards, the macro backdrop was resilient, and, for Citi, there was particular growth in the movement toward digital payments and banking.
Options Bulls Blast 3 Bank Stocks After Earnings
Earnings season is off to a strong start.
Citigroup Cost Cuts Push Q4 EPS Higher
Banking giant Citigroup (C 6.84%) reported fourth quarter and full-year earnings on Wednesday, Jan. 15, that topped analyst consensus estimates. Revenue of $19.6 billion came in just ahead of analyst forecasts for $19.51 billion.
