Citigroup Stock News

Big American banks are on a roll. JPMorgan and Citigroup on Friday reported record full-year earnings for 2021. Wells Fargo might have too, had regulators not forced it to shrink. Customers and financial markets were exceptionally cooperative in 2021 and will probably continue to be so in 2022. But after a period playing on the same side, the lenders’ chief problem is now each other.

JPMorgan and Citi profits drop, while Wells Fargo grows earnings with a clean beat of Wall Street targets.

Citigroup (C) stock falls 4.0% in premarket trading even as its Q4 earnings beat the consensus estimate and after it agreed to sell four of its Southeast Asia consumer business units

Citigroup reported operating expenses that rose 18% year on year to $13.5 billion. Excluding the impact of Asia divestitures, expenses increased 8%.

Citigroup posted stronger-than-expected fourth quarter earnings Friday, as the bank followed its larger rival, JPMorgan, in booking huge increases in investment banking fees.

Dow Jones futures dropped Friday after Thursday''s stock market sell-off. Citigroup, JPMorgan and Wells Fargo report earnings.

Futures Slide After Disappointing JPMorgan Earnings, Tech Rout Worsens After trading flat for much of the overnight session, S&P futures slumped to session lows shortly after JPM reported earnings that disappointed the market (see our full write up here ) and were last trading down 30 points or 0.64%, with Dow futures down 0.3% and Nasdaq futures taking on even more water as the "sell tech" trade was back with a bang. Treasury yields rose 3bps to 1.74% and the dollar reversed an overnight loss. The VIX jumped above 20 and was last seen around 21. The Nasdaq 100 fell to the lowest in almost three months yesterday as tech came under pressure after Fed Governor Lael Brainard said officials could boost rates as early as March. It looks like the selling will continue today. Market sentiment has been shaken by concerns over the prospect of imminent Fed tightening along with record global Covid-19 infection rates, but we dont expect either of these factors to end the equity rally, said UBS Wealth Management CIO Mark Haefele in a note. The fourth-quarter U.S. earnings season, which started this week, could turn investor attention back to strong fundamentals. JPMorgan shares dropped in premarket trading after revenues and EPS beat thanks to a $1.8 billion reserve release while FICC trading revenue missed expectations even as its dealmakers posted their best quarter ever and Chief Executive Officer Jamie Dimon gave an upbeat assessment of prospects for growth.

Citigroup Earnings, Revenue Beat in Q4

Citigroup (C) released its earnings before the market opened on Friday. Earnings per share (EPS) came in at $1.99 adjusted ($1.46 unadj) versus the $1

Citigroup press release (C): Q4 Non-GAAP EPS of $1.99 beats by $0.33.Revenue of $17.01B (+1.1% Y/Y) beats by $230M.BOOK VALUE PER SHARE OF $92.21TANGIBLE BOOK VALUE PER SHARE

Mexico''s president wants Mexicans to buy Citigroup unit Associated Press

Citigroup is set to report its fourth-quarter results later on Friday.

Blackstone Demands Employees Get Boosted Before Returning To The Office At this point in the vaccine rollout, most believe that there''s nothing that can be done to convince those who refuse to get vaccinated to change their minds. President Biden''s attempts to force a federal mandate on workers via OSHA was blocked by the courts. But that hasn''t stopped Wall Street from barring the unvaccinated from its facilities, even though vaccinated employees are just as likely to spread the virus. Not long after Citi became the first megabank to announce plans to fire workers who refused to comply with vaccination policies, private equity giant Blackstone will now prohibit any workers who haven''t gotten their booster shot from its offices, Bloomberg reports. Just yesterday, CNBC''s Jim Cramer casually mused on his show that the side effects from getting a Moderna booster were about as bad as getting sick with COVID. Oh oh. Jim Cramer on CNBC saying he felt worse after his Moderna booster shot than from having Omicron. SteveAustinWI (@SteveAustinWI) January 12, 2022 But not only will Blackstone''s workers be tasked with getting boosters (and providing proof to their employer) but they will also be subjected to as many as three COVID tests per week.

Tesla made some of its merchandise available for purchase with dogecoin; Major bank earnings are rolling in.