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Citi Swings to a Profit and Announces $20B Stock Buyback
Citigroup reported fourth-quarter results that exceeded expectations, sending shares higher in pre-market trading Wednesday.
Citi Stock Jumps After Bank Swings to Profit
Citigroup’s fourth-quarter results just landed. The bank swung to a profit, boosted by stronger revenue in divisions including equity markets and investment banking. Some key numbers: Net income came in at $2.
Citigroup swings to profit on trading strength, surging deals
Citigroup swung to a profit in the fourth quarter, fueled by strength in trading and a recovery in dealmaking that drove up investment banking fees. Trading desks at the banks benefited from a banner year in U.
Citigroup beats revenue estimate as it swings to a profit
Citigroup Inc. said its fourth-quarter revenue rose 12% to $19.58 billion, which topped the FactSet consensus estimate of $19.51 billion. The bank swung to a fourth-quarter profit of $1.34 a share against a year-ago loss of $1.
Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
Citigroup posted fourth-quarter net income of $2.86 billion, an improvement from a net loss of $1.84 billion a year ago. Last year, Citi's results were weighed down by charges it booked in the final period of 2023,
1d
on MSN
Citi’s Co-Chief Information Officer to Depart in Bank’s Latest Shuffle
Shadman Zafar, Citi’s co-chief information officer who has been key to leading artificial intelligence efforts, is leading ...
13h
on MSN
Cisco sees positive catalyst watch at Citi ahead of earnings
Citi opened an upside 30-Day Catalyst Watch on Cisco Systems (NASDAQ:CSCO), expiring on Feb. 16. Analysts Atif Malik said ...
12h
Citi Double Cash: Credit Score Requirements and Approval Tips
Learn what credit score you need to qualify for the Citi Double Cash card and discover tips to boost your approval chances.
9h
Elon Musk buying Intel could be ‘poor outcome,’ says Citi
Citi says Elon Musk was reportedly mentioned as a potential buyer of Intel (INTC) behind the paywall of SemiAccurate, the website that broke ...
1d
Citi deploys AI coding tools to 30K developers in modernization push
Citigroup armed 30,000 developers with generative AI coding tools as part of an ongoing modernization push, CEO Jane Fraser ...
2d
Citi Shares Jump on Earnings Beat, Stock Buyback Plan
Citigroup said its board of directors authorized a new multiyear $20 billion stock buyback program that will begin in the ...
Financial Planning
2d
Citi sees wealth 'turning point' with net new asset haul
Citi wealth head Andy Sieg told employees that net new investment assets — which surged last year — are the division's "North ...
17h
Citi price target raised to $92 from $85 at Keefe Bruyette
Keefe Bruyette raised the firm’s price target on Citi (C) to $92 from $85 and keeps an Outperform rating on the shares. The bank reported solid ...
2d
Citi’s Banamex IPO May Stretch Into 2026
Citigroup Inc.’s effort to list its Mexican retail banking operations may stretch into 2026 as it navigates a rocky market, ...
2d
Citi beats earnings expectations, cuts profitability target
The megabank reported achievements in several areas, but lowered its 2026 expectations for a profitability metric that ...
2d
Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks
Citigroup cut its closely watched profitability target in 2026 as it tackles rising regulatory expenses and, at the same time ...
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