The artificial intelligence rally over the past two years, led by the so-called Magnificent 7, has been remarkable if you owned those stocks.
Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will be the "high teens" in percentage, its CFO Mark Mason said on Tuesday.
Citigroup CEO Jane Fraser says it's too soon to grade her on turning around the fourth-largest US bank. She spoke with Sonali Basak ahead of Bloomberg's Women, Money & Power conference in London on Tuesday.
American Airlines, Southwest Airlines, JetBlue Airways, Citigroup and RyanairHoldings are included in this Analyst Blog.
Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%.
Citigroup on Thursday announced the promotion of 344 executives in 29 countries to managing directors, known as MD, the bank's higher officer title.
Cary Kochman, one of Citigroup's top dealmakers, is retiring after spending nearly 14 years at the helm of the Wall Street bank's mergers and acquisitions group, people familiar with the matter told Reuters on Thursday.
C's solid growth prospects on the back of business transformation look encouraging. Yet, regulatory issues and rising credit losses are concerning.
Citigroup began rolling out on Wednesday new artificial intelligence tools to be used by employees in eight countries, senior executives said.
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.