Citigroup Inc,'s stock C, -1.77% was up by 4% in premarket trading on Friday after its profit excluding multiple one-time items beat analyst estimates. Chief Executive Jane Fraser said the quarter “
Stephanie Link, Hightower chief investment strategist and portfolio manager, joins 'Squawk Box' to break down the latest bank quarterly earnings results, impact on stock performance outlook, and more.
Citigroup on Friday reported a $1.8 billion loss for the fourth quarter as it recorded charges to refill a government deposit insurance fund and carry out a sweeping internal reorganization.
Citigroup CEO Jane Fraser announced plans for a sweeping corporate reorganization in September after previous efforts failed to boost the bank's share price.
Markets managed to absorb a somewhat hotter-than-expected U.S. consumer inflation reading for December without much drama.
We turn our attention to Q4 earnings season, which picks up steam Friday morning before the opening bell.
Every three months, like clockwork, the earnings roll in. And every three months, the big banks usher in the “official” start of earnings season.

December CPI Hotter-Than-Expected

12:48pm, Thursday, 11'th Jan 2024
The big economic news of this week is finally here: the Consumer Price Index (CPI) for December. Results are decidedly warmer than had been expected on all metrics, but nothing apparently too dire.

Here's Why Citigroup Stock Is Falling Today

12:10pm, Thursday, 11'th Jan 2024
Citigroup (C) shares fell more than 2% in early trading Thursday after it reported higher fourth-quarter charges than it previously disclosed linked to its exposure to Argentina and Russia, as well as

CPI Warmer than Expected; Jobless Claims Stay Low

12:02pm, Thursday, 11'th Jan 2024
Core CPI year over year of +3.9% is the first sub-4% print since May 2021.
Citigroup (C) shares fall in Thursday pre-market trading after warning investors ahead of its fourth-quarter earnings report on Friday, January 12, disclosing two major charges — $880 million in cur
Citigroup (C) discloses charges and reserves of $3.78 billion, recorded in the fourth quarter of 2023, before the announcement of its results to enhance transparency.
Chances of a broad-based earnings beat are low-to-moderate as several stocks are experiencing a negative ESP.
Jason Goldberg, Barclays senior equity analyst, joins 'Squawk Box' to preview Friday's big bank earnings results, what it means for the banking sector at large, and more.
Citigroup Inc (NYSE:C) reports fourth-quarter earnings on Friday that are likely to be decimated by charges and reserves totalling $3.78 billion. In a regulatory filing, the bank said its 4Q results
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