C posts decade-high Q1 revenues, as trading, banking and broad-based growth power its turnaround and boost outlook.
The market has shifted to a risk-on environment as Iran opens the Strait of Hormuz, boosting tech and speculative stocks. Tech standouts like ORCL, AMD, PLTR, MSFT, and MU posted double-digit weekly gains, reversing earlier YTD declines amid easing geopolitical tensions.
The World Bank Group's private-sector arm, the International Finance Corporation, and U.S. bank Citigroup have signed a new 1.6 billion rand ($98 million) borrowing facility aimed at expanding local-currency financing in South Africa, the IFC and Citigroup said on Tuesday.
C's Q1 earnings beat estimates on higher NII and strong revenue growth, lifting the stock despite rising expenses, credit costs and weaker capital ratios.
Citigroup Inc (NYSE:C) reported first-quarter profit that rose sharply from a year earlier and topped Wall Street estimates, helped by stronger trading performance and steady growth across its core businesses. The bank said revenue rose 14% to $24.63 billion, above analysts' expectations of $23.51 billion, while earnings per share came in at $3.06, compared with estimates of $2.63.
Citigroup reports first-quarter earnings before the opening bell Tuesday. The bank is perceived to be more impacted by the geopolitical environment than many of its peers.
JPMorgan and Citigroup report their Q1 '26 financial results before the opening bell on Tuesday, April 14th, while Bank of America reports before the market opens on Wednesday, April 15th. For JPM, consensus expectations, per LSEG, are $49.2 billion in net revenue and $0.54 in earnings per share, for expected y-o-y growth of 9% and 7% respectively. For Citi, consensus estimates from LSEG expect $23.5 billion in net revenue and $2.65 in EPS, for expected y-o-y growth of 9% and 35% respectively.
C heads into Q1 results with strong revenue and profit growth forecasts, but rising costs and asset quality risks could cloud the near-term outlook.
U.S. ETF assets under management could more than double to $25 trillion by decade's end, Citigroup says, driven by active ETFs, product innovation and investor demand.
Assets under management for U.S. exchange-traded funds could more than double to $25 trillion by the end of this decade, Citigroup said on Thursday, as investors seek the increasingly popular asset class for low-cost, diversified exposure across markets.
JPMorgan, Citigroup, and Wells Fargo kick off the March-quarter reporting cycle for the Finance sector on April 14th, with each enjoying a strong rebound following the Iran war ceasefire announcement, which has raised hopes that threats to the economy from high oil prices will be resolved.
JPMorgan, Citigroup, and Wells Fargo kick off the March-quarter reporting cycle for the Finance sector on April 14th, with each enjoying a strong rebound following the Iran war ceasefire announcement, which has raised hopes that threats to the economy from high oil prices will be resolved.