Citigroup Inc. (C)
Judge Rules New York Lawsuit Against Citibank Can Proceed
Citibank will have to face a New York state lawsuit alleging that it failed to protect and reimburse victims of fraud. A federal judge rejected the bank's request to dismiss the lawsuit, Reuters reported Tuesday (Jan. 21).
Citigroup must face New York lawsuit over fraud scams
A federal judge on Tuesday rejected Citigroup's bid to dismiss a lawsuit by New York Attorney General Letitia James accusing its Citibank unit of failing to reimburse customers who fall victim to online scammers.
Citi: Corporates Pick Up ‘Gems of Companies' in Dealmaking Revival
Citigroup Head of Banking and Executive Vice Chair Vis Raghavan said a new regulatory regime has companies in the United States shopping for deals. Much of this search is happening overseas, Raghavan told Bloomberg in an interview Tuesday (Jan. 21).
Citigroup Posts Q4 Results: How Should You Approach the Stock Now?
C's business-restructuring efforts, along with the Fed rate cuts, look encouraging. Let us delve into other factors to analyze how to approach the C stock.
Bank Stocks Surge on Earnings and Lead CE 100 Up 2.9%
Earnings season is officially here, led, as ever, by big banks – and this time around, a 9% surge in the “Bank” pillar pulled the CE 100 Index 2.9% higher in a strong weekly showing.
Billionaire Stanley Druckenmiller Is Buying a High-Yield Warren Buffett Stock That Looks Like a Bargain Now
If you're not a fund manager who has amassed over $1 billion in personal wealth, there's probably a thing or two you can learn from the handful of folks who have. A little experience goes a long way when it comes to investing, and there aren't many out there with more experience than Stanley Druckenmiller.
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.
