$62.64
1.69% today
NYSE, Nov 04, 09:13 pm CET
ISIN
US1729674242
Symbol
C

Citigroup Stock News

Neutral
Business Wire
12 days ago
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.56 per share, payable on November 22, 2024, to stockholders of record on November 4, 2024. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup's preferred stock as follows: – 5.950% Fixed Rate/Floating Rate Noncumulative Preferred St...
Positive
Reuters
13 days ago
Citigroup has promoted three senior healthcare investment bankers - Sumit Khedekar, Nishant Jadav and Michael Guarino - in the bank's push to win more deals in the industry, an internal memo seen by Reuters on Tuesday showed.
Positive
Market Watch
13 days ago
Strategists at Citi like companies where there are positive trends on return on equity that are driven by operations instead of buybacks.
Positive
Seeking Alpha
17 days ago
C's ongoing restructuring efforts have been bearing great results, temporarily marred by the higher cost of interest-bearing deposits and USPB's higher net credit losses on loans. Even so, with the Fed already cutting rates, we may see the bank's prospects lift in the intermediate term, as mortgage/ lending activities return. This is significantly aided by the Services segment's growing RoTCE, ...
Positive
Seeking Alpha
18 days ago
Citigroup's stock fell 5% despite strong earnings due to profit-taking and unwarranted regulatory concerns, which, I believe, are way overblown. Citi is trading at ~0.7x TBV with potential upside to $120-$170 by 2026 if RoTCE targets are met, offering a high margin of safety. Strong Q3-2024 performance with positive operating leverage across all divisions, confirming full-year 2024 revenue and ...
Negative
MarketBeat
19 days ago
The most critical earnings set for investors to look over and digest this season have just come out, and those are the results of the financial sector, particularly from banking stocks. However, investors need to understand that there are two types of banks to watch over this season: commercial banks and investment banks.
Positive
Seeking Alpha
19 days ago
Citigroup's stock slumped 5% despite a strong Q3'24 due to regulatory concerns, trading at only 0.7x tangible book value. The bank reported $3 billion in net income and a $1.51 EPS, with substantial credit costs and increased reserves, yet boosted tangible book value. CEO Jane Fraser aims for an 11.5% RoTCE, forecasting improved returns and efficiency, with potential EPS rising to $8.50 by 2026.
Positive
PYMNTS
20 days ago
Citigroup's earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days: Investment banking and trading revenues were up.
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