JPM, C, GS and others file a joint lawsuit against the Fed over annual stress testing transparency and framework.
I am buying every dip in Citigroup, expecting strategic transformation to start showing in financials by 2025. Citi's strategic transformation includes simplifying the organization, modernizing infrastructure, and growing key business segments like Services, Wealth Management, and Banking. Key catalysts include potential buybacks, deregulation, lower capital requirements, and industry tailwinds, making the current valuation at 0.75x TBV compelling.
C and BCS are fined $3.2 million & $9.5 million, respectively, by SFC of South Korea due to their involvement in naked short selling activities.
C's credit card business sees a rise in delinquencies in November 2024. Yet, a modest rise in lending activities is likely to drive its core business performance.
Tariq Bin Hendi, Astra Tech board member and managing director, shares insights on the firm's subsidiary Quantix, which secured a $500 million financing deal with Citi.
C and JPM project IB and market revenues to grow in the fourth quarter of 2024. The banks also provide new and updated guidance for revenues and expenses.
Bloomberg's Sonali Basak sits down with Citigroup CEO Jane Fraser at their New York headquarters. Fraser talks about her plans for turning around the bank and investing in emerging markets, growing private markets, the biggest threats to the industry, and where she sees the bank in five years.
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%.