What We Learned From Big Bank Earnings on Friday

03:45pm, Saturday, 13'th Apr 2024
Large U.S. banks kicked off the first-quarter earnings report season by disclosing higher-than-expected profits. But their net interest income—a key performance indicator for the sector—fell shy o

The Q1 Earnings Season Kicks off Positively

05:31pm, Friday, 12'th Apr 2024
The market isn't particularly impressed with what it saw in the quarterly releases from JPMorgan JPM, Citigroup C, and even Wells Fargo WFC. Part of the issue appears to be underwhelming guidance, par
Emily Roland, John Hancock co-chief investment strategist, and Bob Elliott, Unlimited CEO, joins 'Closing Bell Overtime' to talk the day's market action.
Citigroup Inc. (NYSE:C ) Q1 2024 Earnings Conference Call April 12, 2024 11:00 AM ET Company Participants Jennifer Landis - Head of IR Jane Fraser - CEO Mark Mason - CFO Conference Call Participants M
Citigroup's latest results took note of continued spending on credit cards but there were some notes of caution in the mix. The earnings materials detailed that branded card-related volumes were 4% hi
Sarat Sethi, DCLA managing partner, joins 'Power Lunch' to discuss what the managing partner makes of recent economic performance, what Sethi made of recent bank earnings, and what is changing with eq
Tesla (TSLA) shares have fallen over 30% so far in 2024, with several analysts cutting their price targets on the stock. Citi is the latest group to lower its price target, setting the figure at $180
While JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. topped Wall Street estimates for earnings per share and revenue on Friday, stocks of all three megabanks fell into the red.
Consumers have been feeling the pinch of higher interest rates, especially on credit cards now charging 24.7% on average annually.

Big Banks Open Q1 Earnings Season

11:56am, Friday, 12'th Apr 2024
We complete our inflation summary this week with new data out this morning. Import and Export Prices for March help articulate some of the other economic data we've seen throughout this week, includin
Increases in Services and Banking segments' revenues support Citigroup's (C) Q1 earnings. However, a rise in expenses and a deteriorating loan book are near-term headwinds.
While the top- and bottom-line numbers for Citigroup (C) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to
Citigroup Inc (NYSE:C) on Friday reported a smaller-than-expected decline in profits for the first quarter.   For Q1, earnings per share decreased from $2.19 in the year-ago quarter to $1.58, above e
Citigroup (C) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.86 per share a year ago.
Citigroup (C) reported higher-than-forecast results as rising markets drove up investment banking fees and as CEO Jane Fraser's restructuring strategy aimed at streamlining the lender's costs bore fru
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