Citigroup Inc. (C)
Citi reportedly the latest US bank to waive bonus cap
Cis set to remove the bonus cap for its London investment bankers after the UK government lifted EU-imposed pay restrictions last year, according to a report in the Sunday Times. This decision follows similar moves by other major banks, including Barclays, JP Morgan, and Goldman Sachs, which have already scrapped the cap.
American Financial Group, Inc. (AFG) Q2 2024 Earnings Call Transcript
American Financial Group, Inc. (NYSE:AFG ) Q2 2024 Results Conference Call August 7, 2024 11:30 AM ET Company Participants Diane Weidner - Vice President of Investor Relations Carl Lindner - Co-CEO Craig Lindner - Co-CEO Brian Hertzman - CFO Conference Call Participants Michael Zaremski - BMO Capital Markets Gregory Peters - Raymond James Charlie Lederer - Citigroup Paul Newsome - Piper Sandler Andrew Andersen - Jefferies Meyer Shields - Keefe, Bruyette, & Woods Bob Farnam - Janney Montgomery Scott Charlie Lederer - Citigroup [Call Started Abruptly] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Diane Weidner, Vice President of Investor Relations.
Citigroup whistleblower denied share of $400 million penalty
A federal appeals court on Tuesday said a Citigroup vice president was not entitled to a share of a $400 million civil fine that the bank agreed to pay in October 2020 over its risk management failures.
Citigroup wealth executive hired from BofA leaves after months, source says
A Citigroup executive who joined the bank from Bank of America in April is leaving Citi, one source with knowledge of the matter said on Tuesday.
Investment Banking Surged in the First Half of 2024: 3 Stocks to Buy Hand Over Fist Today
Investment banking activity fell off in the last few years due to rising interest rates and market volatility. But debt and equity underwriting have bounced back significantly in the first half of the year.
Citigroup: A Recession Is An Opportunity
Citigroup and other U.S. G-SIB banks are well-capitalized and resilient, not facing a repeat of the 2008 financial crisis. A U.S. recession may impact Citigroup through declining interest rates, increased loan losses, and higher trading volatility. Despite potential challenges, Citigroup's diversified business model and conservative provisioning make it a resilient investment opportunity during market drawdowns.
Citigroup: Keeping Faith In The Turnaround
Citi stock was punished especially harshly last week. Yet, the fundamentals of this self-help story are intact. There's compelling value on offer at the current tangible book value discount.
Report: Citi Repeatedly Broke Fed's Intercompany Transaction Limits
Citigroup reportedly made repeated breaches of a Federal Reserve rule limiting intercompany transactions. Those breaches led to errors in the banking giant's internal liquidity reporting, Reuters reported Wednesday (July 31), citing an internal document from Citi.
Citigroup: Still Cheap, Despite The Recent Rally, Maintain Buy
C has charted an impressive recovery since the March 2023 US Bank meltdown in March 2023, well outperforming the wider market. This is on top of the promising restructuring and transformation efforts, with early results already observed in the recent FQ2'24 earnings call. As a result, we believe that the market has overreacted to the management's commentary about the FY2024 expenses at the higher end of guidance.
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Citigroup: Strong Performance Points To Sustained Upside Momentum
Citigroup beats Q2 estimates with revenue and earnings exceeding analyst expectations, driven by strong performance in Markets and Investment Banking. Despite concerns about higher costs for FY 2024, Citigroup's outlook remains strong, with FY EPS likely expanding to $6.05 and ROCE to >10%. Following the earnings beat, the fair implied share price for Citigroup is calculated at $92, leading to a strong "Buy" rating.
Fired Citigroup banker says COO intended to deceive regulator on bank's metrics
A former Citigroup managing director who said she was fired because she refused to mislead a federal regulator about the bank's risk management accused Citigroup's chief operating officer of intentional deception, according to an amended lawsuit filed late on Thursday.
