Citigroup Inc. (C)
Under threat from Trump, Wall Street banks wager they can fend off credit card price controls
U.S. banks including JPMorgan Chase and Citigroup showed no signs of capitulation to President Donald Trump's mandate of a 10% cap on credit card interest rates. Five days after the original threat, bankers and their lobbyists told CNBC that they have yet to receive any formal or written guidance from the Trump administration about the policy.
Citigroup Q4 Earnings Beat Estimates on Y/Y NII Growth, Stock Down
C tops Q4 earnings on strong Y/Y NII growth, but higher expenses and a weak capital position pushed the stock down nearly 4% early.
Citigroup Sees 84% Jump in Fees From M&A Deals
Last year saw merger and acquisition (M&A) deals climb to an almost record high. That, in turn, led to record revenues for Citigroup, according to fourth-quarter 2025 earnings results reported by the bank Wednesday (Jan. 14).
Citigroup shares slide on revenue shortfall, Russia loss weighs
Citigroup Inc (NYSE:C) shares fell more than 3% on Tuesday after the bank reported fourth quarter 2025 revenue that fell short of expectations, weighed down by lower non-interest income and a $1.2 billion pre-tax loss from its planned exit from Russia. The bank posted net income of $2.5 billion, or $1.19 per diluted share, on revenue of $19.9 billion, missing analysts' revenue estimate of $20.5 billion.
Citigroup's stock is rising even with profit falling below expectations. Russia is one reason.
Citigroup's stock rose, as the bank's earnings miss was due to a previously disclosed large loss related to plans to sell AO Citibank in Russia.
Citigroup is set to report earnings before the bell
Citigroup reports earnings before the bell Wednesday. Wall Street expects earnings per share of $1.67 and revenue of $20.72 billion, according to LSEG.
Citigroup to Axe 1,000 Jobs This Week: A Push for Efficiency?
Citigroup Inc. C is preparing to cut about 1,000 jobs this week, according to Bloomberg News, published on MSN News. The move aligns with a broader restructuring plan announced in January 2024 that targets nearly 20,000 job cuts, or about 8% of the global workforce, by 2026.
Citigroup to Cut 1,000 Jobs in Ongoing Restructuring Effort
Citigroup plans to cut 1,000 jobs this week as part of a restructuring plan announced two years ago, Bloomberg reported Monday (Jan. 12), citing unnamed sources.
Citigroup to ax 1,000 jobs this week as part of massive restructuring plan: report
Citigroup is set to cut about 1,000 jobs this week, a source familiar with the matter told Reuters on Monday, as part of a plan announced two years ago to reduce the workforce by 20,000 by the end of this year.
Citigroup Q4 Earnings on the Deck: How to Approach the Stock Now?
C's Q4 results will likely reflect higher revenues as NII and deal-making rebound, yet high costs and deteriorating asset quality might weigh on investor sentiment.
Banks including Citi, JPMorgan slide after Trump calls for credit card interest rate limit
Financial services stocks including Citi Group, JPMorgan Chase and Bank of America slid in premarket trading on Monday. It follows U.S. President Donald Trump's call for a one-year cap on credit card interest rates at 10%.
Citigroup Earnings Preview: The 'Mess' That Paid 100% Returns
Citigroup is in the middle of a dramatic turnaround, with shares nearly doubling since April as the market re-rated its equity from deep value to fair value. C's P/TBV multiple expanded from 0.8x to 1.3x, reflecting improved profitability and market confidence in management's transformation strategy under Jane Fraser. Recent results show ROTCE approaching 10%, validating management's 2026 targets and supporting sustained business momentum, though the easy value opportunity has closed.
