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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
Amid banking behemoth Goldman Sachs (NYSE: GS) suggesting that trouble was brewing in the stock market as hedge funds in the United States have been selling stocks at the fastest rate in three months
Citigroup beat profit expectations in the first quarter, while FICC sales & trading revenue of $4.15 billion topped the average analyst estimate. Sonali Basak reports on Bloomberg Television.
CNBC's Leslie Picker joins ‘Squawk Box' to report on Citigroup's quarterly earnings results.

Citi beats Street estimates in fiscal Q1

08:11am, Friday, 12'th Apr 2024
Citigroup Inc (NYSE: C) is trading up in premarket on Friday after reporting market-beating financial results for its first quarter. This is a developing story.
Citigroup's profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund.
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