Citigroup Inc. (C)
Citigroup to Axe 1,000 Jobs This Week: A Push for Efficiency?
Citigroup Inc. C is preparing to cut about 1,000 jobs this week, according to Bloomberg News, published on MSN News. The move aligns with a broader restructuring plan announced in January 2024 that targets nearly 20,000 job cuts, or about 8% of the global workforce, by 2026.
Citigroup to Cut 1,000 Jobs in Ongoing Restructuring Effort
Citigroup plans to cut 1,000 jobs this week as part of a restructuring plan announced two years ago, Bloomberg reported Monday (Jan. 12), citing unnamed sources.
Citigroup to ax 1,000 jobs this week as part of massive restructuring plan: report
Citigroup is set to cut about 1,000 jobs this week, a source familiar with the matter told Reuters on Monday, as part of a plan announced two years ago to reduce the workforce by 20,000 by the end of this year.
Citigroup Q4 Earnings on the Deck: How to Approach the Stock Now?
C's Q4 results will likely reflect higher revenues as NII and deal-making rebound, yet high costs and deteriorating asset quality might weigh on investor sentiment.
Banks including Citi, JPMorgan slide after Trump calls for credit card interest rate limit
Financial services stocks including Citi Group, JPMorgan Chase and Bank of America slid in premarket trading on Monday. It follows U.S. President Donald Trump's call for a one-year cap on credit card interest rates at 10%.
Citigroup Earnings Preview: The 'Mess' That Paid 100% Returns
Citigroup is in the middle of a dramatic turnaround, with shares nearly doubling since April as the market re-rated its equity from deep value to fair value. C's P/TBV multiple expanded from 0.8x to 1.3x, reflecting improved profitability and market confidence in management's transformation strategy under Jane Fraser. Recent results show ROTCE approaching 10%, validating management's 2026 targets and supporting sustained business momentum, though the easy value opportunity has closed.
How Citigroup Shares Can Keep Up Their Winning Run
Shares of the global megabank have outperformed over the past three years, but the bar is raised.
Citigroup Stock Reaches New 52-Week High: Hold or Fold Now?
C hits a new 52-week high as strategic exits, easing regulation and a softer-rate backdrop lift confidence, but is there more upside left? Let us find out.
Markets Risk-On with Venezuela News, Deregulation
The Dow reached the close at 48,977 -- a record-high level. The blue-chip index gained +594 points on the day.
Citigroup: Priced For Perfection, But More Cuts Can Be Made
Citigroup Inc.'s valuation is in line with other Money Center Banks. It is no longer cheap. Earnings forecasts appear aggressive, and out of 29 analysts covering C stock, only one rates it as a sell. It appears to be priced for perfection. AI-related productivity gains may benefit Citigroup more than other banks, and falling short-term rates should narrow the gap in its Net Interest Margin with its peers.
Citigroup Gets Board Nod to Sell AO Citibank, Advances Russia Exit
C clears internal hurdle to sell AO Citibank, advancing its multi-year exit from Russia with a deal set to close in the first half of 2026.
Hideout in the Financial Sector as We Round out 2025?
Entering the last trading week of the year, investors are certainly pondering where to put their money to work in 2026, and the financial sector may be at the forefront with the stock market near all-time highs.
