Jane Fraser-led Citi fell 1%, less than the rest of the market and some other major banks, after Trump lauded its turnaround in a social media post.
Citigroup's turnaround is shifting from repair to growth as AI gains, cost cuts, and stronger trading and IB outlooks support 2026.
Citigroup has hired Andrew Conway as its global chair of consumer and retail investment banking to expand its banking franchise in the sector, according to a memo seen by Reuters.
As we ready up for a hot summer, many investors seem ready for the stock markets to really heat up.
C targets 5-6% y/y NII growth in 2026 as loan demand rises, deposit costs stabilize and restructuring boosts core banking earnings.
Citigroup sees a rising number of red flags around global stock markets, but say investors shouldn't be alarmed just yet.
Banks have spent years launching artificial intelligence (AI) chatbots and virtual assistants. Citigroup's latest deployment is less visible and more valuable: an AI document-processing system that compresses account opening review time from over an hour to 15 minutes.
Citi has maintained its strategic outlook on Bitcoin (BTC) despite a small sale of the cryptocurrency by Strategy, the software company that holds the largest corporate bitcoin treasury. It described the disposal as a routine tax-optimisation measure flagged at the company's last results call rather than a signal of changing conviction.
The stablecoin debate is no longer primarily about crypto. It is about banking power.
While many investors have focused heavily on the artificial intelligence trade lately, the banking industry has quietly performed well too. One commonly used proxy of the industry's performance is the Invesco KBW Bank ETF NASDAQ: KBWB.
C is set to concentrate much of its wealth hiring in Asia, adding nearly 100 private bankers and 400 specialists to strengthen profitability.
Jim McCormick from Citi discusses the risks for investors, including a rise in bond yields the current level of commodity prices remaining "artificial". He cites the markets that he thinks offer the best opportunities with this backdrop.