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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, announced a $20 billion share buyback program. Citigroup beat estimates for fourth-quarter profit,
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,
Citi beats profit on trading strength, but cuts return targets after 'critical' year
Citigroup beat estimates for fourth-quarter profit, fueled by strength in trading and dealmaking, and announced a $20 billion buyback program as it cut a closely watched return target. Shares of the third-largest U.
2d
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 ...
2d
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
on MSN
JPMorgan, Goldman, Citi rake in record hauls as Biden’s era ends
The four giant lenders that reported full-year results notched their second-most profitable year ever in 2024, trailing only ...
1d
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.
Financial Planning
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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 ...
1d
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 ...
3d
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 ...
3d
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 ...
1d
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 ...
3d
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, ...
3d
Bank earnings: JPMorgan, Wells Fargo, Goldman Sachs post beats, and Citi swings to a profit
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
The Points Guy on MSN
1d
What credit score do you need to get the Citi / AAdvantage Platinum Select World Elite Mastercard?
If you want to apply for the Citi / AAdvantage Platinum Select World Elite Mastercard, you need to have an excellent credit ...
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