Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
Citigroup reported its fourth-quarter earnings Wednesday morning ahead of Wall Street's opening bell. Here is how the company did relative to LSEG analyst consensus estimates: Earnings: $1.34 a share,
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 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 Q4 Earnings Beat, Revenues Match Estimates, Stock Up
Citigroup Inc.’s C fourth-quarter 2024 adjusted net income per share of $1.34 surpassed the Zacks Consensus Estimate of $1.25. The company had incurred a loss of $1.16 in the fourth quarter of 2023. For 2024,
Citigroup turns to profit in fourth quarter, revenue up 12%
Citigroup on Wednesday reported fourth quarter net income of $2.9 billion, compared to a net loss of $1.8 billion in the prior-year period, fuelled by higher revenues, lower expenses and lower cost of credit.
Citigroup beats Q4 profit, revenue, announces $20 bln share buyback
Citigroup on Wednesday reported stronger-than-expected fourth-quarter profit and revenue, while authorizing a $20 billion share buyback program, sending its shares by more than 2% before the bell. The bank posted a net income of $2.
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.
Citigroup Reports Fourth Quarter and Full-Year 2024 Results
Citi reported fourth quarter and full-year 2024 results, which can be found on its website at A Quarterly Financial Data Supplement with additional financial, statistical and business-related ...
Citigroup shares rise as fourth-quarter earnings top estimates
Citigroup reported its fourth-quarter earnings Wednesday morning ahead of Wall Street's opening bell, beating estimates on ...
Citi beats estimates for Q4 profit, cuts return targets after 'critical' yr
Shares of the third-largest U.S. lender were last up 5 per cent in premarket trading on Wednesday after Citigroup said its ...
Bank of America and Morgan Stanley Set to Report
Follow live coverage of earnings from Wells Fargo, JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, Morgan Stanley, ...
Citi cuts iQIYI stock price target to $2.80, maintains Buy rating
Citi analysts revised the price target for iQIYI shares, traded on NASDAQ:IQ, to $2.80 from the previous target of $3.00. Despite the reduction, the firm upheld its Buy rating on the stock. The ...
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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 Star." ...
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Citi's Fraser defends expenses, long-term investments
Jane Fraser, CEO of Citigroup, told analysts she's not going to sacrifice growth-related investments for short-term gains. "You shouldn't want me to do that," she said.
Wells Fargo, Citi, Goldman, JPMorgan stocks gaining on earnings
Big Bank stocks are rising on Wednesday after releasing their fourth quarter earnings, with JPMorgan Chase (JPM), Citigroup ...
Wells Fargo's Fourth-Quarter Profit Tops Estimates
Wells Fargo reported earnings per share of $1.43 for the fourth quarter, beating Wall Street’s consensus estimate of $1.35. A ...