Citigroup Inc. (C)
Citigroup to Lay Off Managing Directors and Senior Employees in March
Citigroup reportedly plans to lay off an unspecified number of employees in March after cutting about 1,000 jobs this month. The March layoffs are likely to involve managing directors and senior employees across the bank's business lines, but the scale and location of the cuts are not yet known, Reuters reported Friday (Jan. 23), citing unnamed sources.
Bank of America, Citigroup may offer credit cards at 10% rate in bid to appease Trump: report
“We're working hard,” Bank of America CEO Brian Moynihan said during a Bloomberg TV interview Thursday, nodding to calls for affordability. “We're trying to come up with solutions.
Citigroup CEO Jane Fraser Doesn't Expect 'Sell America' Sentiment to Last in Markets
The move away from American assets isn't likely to last, Citigroup CEO Jane Fraser said.
Citigroup CEO Jane Fraser Says Rate Cap Would Restrict Access to Credit
Citigroup Chair and CEO Jane Fraser said Tuesday (Jan. 20) that she does not expect Congress to support the 10% cap on credit card interest rates proposed by President Donald Trump.
Bank earnings: JPMorgan, Bank of America, Wells Fargo, Citigroup, Morgan Stanley, Goldman Sachs
Big banks delivered earnings this week. Our experts weigh in on the results, the stocks, and the outlook for banking.
Citigroup: Don't Sell Too Early
Citigroup financial improvements and efficiency gains are expected to drive the 2026 EPS to $10, up 25% from 2025. The large bank reported modest Q4 revenue growth (2.1%) and an EPS beat, but ROTCE remains below peers, with a plan to exceed 10% by 2026. Citigroup's capital returns are robust, with $17.5B returned to shareholders in 2025 and a CET1 ratio of 13.2%, supporting continued large buybacks and dividends.
Under threat from Trump, Wall Street banks wager they can fend off credit card price controls
U.S. banks including JPMorgan Chase and Citigroup showed no signs of capitulation to President Donald Trump's mandate of a 10% cap on credit card interest rates. Five days after the original threat, bankers and their lobbyists told CNBC that they have yet to receive any formal or written guidance from the Trump administration about the policy.
Citigroup Q4 Earnings Beat Estimates on Y/Y NII Growth, Stock Down
C tops Q4 earnings on strong Y/Y NII growth, but higher expenses and a weak capital position pushed the stock down nearly 4% early.
Citigroup Sees 84% Jump in Fees From M&A Deals
Last year saw merger and acquisition (M&A) deals climb to an almost record high. That, in turn, led to record revenues for Citigroup, according to fourth-quarter 2025 earnings results reported by the bank Wednesday (Jan. 14).
Citigroup shares slide on revenue shortfall, Russia loss weighs
Citigroup Inc (NYSE:C) shares fell more than 3% on Tuesday after the bank reported fourth quarter 2025 revenue that fell short of expectations, weighed down by lower non-interest income and a $1.2 billion pre-tax loss from its planned exit from Russia. The bank posted net income of $2.5 billion, or $1.19 per diluted share, on revenue of $19.9 billion, missing analysts' revenue estimate of $20.5 billion.
Citigroup's stock is rising even with profit falling below expectations. Russia is one reason.
Citigroup's stock rose, as the bank's earnings miss was due to a previously disclosed large loss related to plans to sell AO Citibank in Russia.
Citigroup is set to report earnings before the bell
Citigroup reports earnings before the bell Wednesday. Wall Street expects earnings per share of $1.67 and revenue of $20.72 billion, according to LSEG.
