Citigroup said on Monday its board has approved a plan to sell AO Citibank, its remaining business in Russia, to investment bank Renaissance Capital, a move that will result in a pre-tax loss of about $1.2 billion in the current quarter.
Wells Fargo leads a trio of big banks positioned to benefit as Fed rate cuts lift loan demand, stabilize funding costs and boost fee income.
C ramps up Japan investment banking, planning a 30% headcount boost by 2026 as a record M&A boom reshapes the corporate landscape.
Overall, the banking sector has had a decent year, with the Invesco KBW Bank ETF (KBWB) up 31.6% in 2025, while the SPDR S&P Regional Banking ETF (KRE) sports a 10.9% year-to-date gain.
Will Citigroup's global business revamp, rising earnings and valuation edge give it the upper hand over Bank of America in 2026? Let's find out.
While artificial intelligence (AI) has dominated headlines for much of the year, and sent many tech stocks soaring, some of the strongest performance across equities has come from far less glamorous corners. Bank stocks are in the middle of a standout run, with the Financial Select Sector SPDR ETF NYSEARCA: XLF having just hit an all-time high.
C shares jump 62.9% in 2025, beating most Mag-7 names as restructuring, rate cuts and revived deal activity lift confidence heading into 2026.
C strikes a multi-year partnership with LSEG to standardize enterprise data, strengthen risk controls and boost efficiency across global client workflows.
The US Federal Reserve has lifted formal supervisory notices that required Citigroup to address weaknesses in its trading risk management. According to a Reuters exclusive, the decision marks a meaningful easing of regulatory pressure on the third-largest US bank, which has spent years working through control and data issues.
C expects IB fees to jump in the mid-20% in 4Q25, fueled by strong M&A momentum and capital markets activity despite softer market revenues.
C nears regulatory approval to sell a 25% stake in Banamex, advancing its plan to exit Mexican consumer banking.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.