Citigroup Inc. (C)
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.
Citigroup Q4 Earnings Beat, Revenues Match Estimates, Stock Up
Strong IB revenues, along with lower expenses, support C's Q4 earnings. However, a decline in deposit balance is a headwind.
Wells Fargo, Goldman Sachs, and Citigroup Are All Soaring. Here's Why.
The stock market was having a strong day on Wednesday, with the S&P 500 (^GSPC 1.34%) and Nasdaq Composite (^IXIC 1.81%) higher by 1.6% and 1.9% as of 10 a.m. ET. But the big bank stocks are leading the way, with several major U.S. financial institutions spiking higher.
Citi set to jump on earnings beat, new $20B share buyback
Citigroup Inc (NYSE:C) shares jumped 5.5% in premarket trading on Wednesday as it turned in earnings that beat expectation and unveiled plans for a new $20 billion share buyback. Fourth-quarter earnings for third-largest US bank by assets of $1.34 a share compared to a charges-hit loss of $1.16 a year ago and a Wall Street consensus forecast of $1.22.
