C teams up with BLK to launch an $80B global portfolio platform, blending its advisory with BLK's investment expertise.
Investment banks surge in 2025 as M&A rebounds, AI boosts efficiency, and GS, JPM, C, EVR and IBKR shine.
C's July card delinquencies move up, yet charge-offs ease and remain well below the pre-pandemic levels.
Citigroup is reportedly considering getting involved in stablecoins. The bank is exploring providing stablecoin-powered payments as well as custody services for the assets that back stablecoins and crypto-related investment products, Biswarup Chatterjee, global head of partnerships and innovation for Citigroup's services division, told Reuters in a report posted Thursday (Aug. 14).
Citigroup's turnaround is gaining momentum, with accelerating top-line growth and multiyear-high EPS growth driven by strong expense control and efficiency improvements. Segment results show robust growth in wealth, banking, and services while U.S. personal banking faces some consumer headwinds and credit losses. The outlook remains positive, with modest revenue growth, declining expenses, and a significant increase in capital returns through buybacks and dividends.
Citigroup is exploring providing stablecoin custody and other services, a top executive told Reuters, in a further sign sweeping policy changes in Washington are spurring major financial firms to expand into the cryptocurrency business.
Does C's 61.2% stock surge, fueled by strategic exits, cost cuts and gains in wealth and investment banking, make it worth investing in? Let us find out.
With investors starting to clamor for a September rate cut, the outlook for JPMorgan and Citigroup may become even more appealing thanks to their strong capital positions.
C raises the 2025 NII outlook as 1H 2025 income jumps 8% on improved loan demand and favorable spreads.
Most investors would agree that today's stock market is dominated by risk-on sentiment, with the S&P 500 reaching new all-time highs largely due to the strong performance of a few leading technology stocks. There is nothing wrong with this situation, but it does raise a few flags for active investors moving forward, flags that represent additional profit potential.
Gonzalo Luchetti, Citi head of U.S. personal banking, joins 'Power Lunch' to discuss the company's new credit card, why the high-end of the consumer scale and much more.
Rising annual fees and excessive statement credits have led to some fatigue in the premium credit-card market — but consumer demand persists.