Citigroup Inc. (C)
Citigroup to Divest Trust Service Unit, In Line With Overhaul Goals
C is set to divest its trust administration services business, Citi Trust, to JTC to focus resources on its wealth business.
Citigroup sells trust services unit to JTC for $80 million
Professional services provider JTC said on Monday it has agreed to buy Citigroup's global fiduciary and trust administration services business for $80 million.
Citigroup shifts compliance work for 800 staff after $136M fine
Citigroup, one of the world's largest financial institutions, is undergoing a significant restructuring of its compliance efforts in response to recent regulatory pressures. The bank is shifting responsibility for a crucial aspect of its compliance work, along with approximately 800 employees, away from Chief Operating Officer Anand Selva.
Citigroup's Resurgence To Accelerate By Ramping Share Buybacks
Citigroup's stock is undervalued at ~0.65x tangible book value. Jane Fraser's strategic overhaul is making significant progress, aiming for 11%-12% RoTCE by 2026, with potential catalysts in 2025 boosting stock price. Share buybacks at current discounted valuations are highly accretive, with capital headwinds dissipating, allowing for increased capital returns to shareholders.
Not So Fast Jim Cramer, You Should Buy These 3 Stocks He Says to Sell
Jim Cramer is probably the closest thing we have to stock market superstar influencer.
Citigroup stock needs to flip this price to continue its uptrend
Citigroup (NYSE: C) stock price has pulled back in the past two months as concerns about the pace of Federal Reserve interest rate cuts and its ongoing turnaround efforts remain. It retreated to a low of $58, down by 14% from its highest point this year, meaning that it is in a technical correction.
Largest U.S. banks will catch a break from Fed's capital rule changes, KBW says
The U.S.'s largest banks will benefit in a myriad of ways from the U.S. Federal Reserve's upcoming changes to its capital requirement proposals to bulk up balance sheets for potential systemic problems, KBW analysts David Konrad and Scott McGratty say.
Citi: Cheap Valuation And Improving Metrics Make This A Buy
Citi's significant growth opportunities and recent improvements make C stock a buy, despite the challenges faced by U.S. banks. The shares' low valuation already accounts for potential risks, presenting an attractive investment opportunity. Citi is poised to benefit from improvements in wealth management, investment banking, and trading amid the economy's soft landing and declining interest rates.
Citigroup: Beyond Cheap
Citigroup's stock trades significantly below tangible book value, presenting a strong buying opportunity with a 3.9% dividend yield and the potential for increased share buybacks. Basel III capital requirements are set to be less stringent than initially expected, allowing the large bank to potentially return more capital to shareholders. Citigroup's robust CET1 capital ratio and plans for 57% growth in RoTCE indicate strong future earnings and stock price appreciation potential.
Citigroup Says Demand for High-Growth Stocks Could Benefit Tech Companies
A top Citigroup banker reportedly said that a handful of tech companies are considering going public on U.S. exchanges before the end of the year and that they could benefit from demand for high-growth stocks.
Citi says chief accounting officer Johnbull Okpara to resign
Citigroup said on Tuesday its chief accounting officer Johnbull Okpara will be stepping down from his position at the bank.
Citigroup Q3 IB Fees to Rise 20% on Upbeat Debt Capital Markets
C's IB fees are likely to jump 20% in the third quarter, driven by a strong rebound in activity across debt capital markets and mergers and acquisitions.
