Wall Street Awaits CPI, PPI Inflation Data

12:30pm, Monday, 10'th Jul 2023
We're still more than two weeks away from the next Federal Open Market Committee (FOMC) meeting, which will determine the course of interest rate levels through the remainder of the summer, but the Fe
Citi has launched a “single entry point” digital platform aimed at its commercial banking clients. The platform, dubbed CitiDirect Commercial Banking, gives customers a better view of their bank
Citigroup Inc. C, +0.79% said Monday it launched its new CitiDirect platform for its Citi Commercial Bank (CCB) clients, as part of the megabank's overall “significant strategic investment” to mee

The Q2 Earnings Season Kicks Off

04:08pm, Friday, 07'th Jul 2023
The June quarter earnings reporting cycle will start grabbing the market's attention this week, with JPMorgan and other big banks coming out with their Q2 results.
Citigroup (C) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dampening market activity levels and gloomy dealmaking volume are expected to have affected Citigroup's (C) Q2 fee income. Waning loan demand is likely to have hindered NII growth.

The 3 Best Bank Stocks to Buy for July 2023

09:50am, Friday, 07'th Jul 2023
In the harsh macroeconomic environment, identifying investment opportunities among the U.S. banks that offer growth potential and resilience is a cumbersome exercise. As financial markets enter July 2
If any investor has stood the test of time, it is Warren Buffett. For years, the “Oracle of Omaha” has had a rock-star-like presence in the investing world.
US banks are set to report mixed second quarter earnings, starting off with JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc (NYSE:C) which are all handing down the
U.S. bank stocks fell and a key regional index hit a near two-week low on Thursday amid lingering worries about the health of the lenders in the aftermath of the crisis in regional banks and ahead of
Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big

Bank Earnings Looming: What To Expect

07:48pm, Wednesday, 05'th Jul 2023
Note: The following is an excerpt from this week's Earnings Trends  report. You can access the full report that contains detailed historical actual and estimates for the current and following periods
After the collapse of Silicon Valley Bank NASDAQ: SIVB a few months ago, regional and larger banks across the United States saw their stocks decline as a systematic reaction to the news. As is a typ
Bank stocks witness a terrible start to 2023 due to the banking crisis and a gradual fall in loan demand on high rates. Only three S&P 500 banks - JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C) -
Citigroup's (C) SCB requirement increases to 4.3% from the current 4%. Nonetheless, it plans to hike the current quarterly dividend by 4% to 53 cents per share for third-quarter 2023.
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