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Hosted on MSN · 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, announced a $20 billion share buyback program. Citigroup beat estimates for fourth-quarter profit,

MarketWatch · 3d

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.

NBC New York · 3d

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,

Hosted on MSN · 3d

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.

8d

Citi expects rally in global stocks to extend into 2025, sees 10% EPS growth

Citigroup said on Friday it was expecting a rally in global equities to extend into 2025, as falling interest rates and ...

5d

Big Bank earnings coming up: Citi, JPMorgan, Goldman, BofA

JPMorgan Chase (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) report on Wednesday, while Bank of America (BAC) and Morgan ...

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