Citigroup: Doubters Become Believers In 2025

12:34pm, Thursday, 19'th Dec 2024
I am buying every dip in Citigroup, expecting strategic transformation to start showing in financials by 2025. Citi's strategic transformation includes simplifying the organization, modernizing infras
C and BCS are fined $3.2 million & $9.5 million, respectively, by SFC of South Korea due to their involvement in naked short selling activities.
The Fed signals fewer rate cuts for 2025 on persistent inflation. So, the operating backdrop for banks like JPM, BAC, C, CMA & KEY is less likely to improve.
The Fed is likely to cut interest rates today for the third time in 2024. Yet, the outlook for the four rate cuts anticipated in 2025 remains uncertain.
C's credit card business sees a rise in delinquencies in November 2024. Yet, a modest rise in lending activities is likely to drive its core business performance.
In the latest trading session, Citigroup (C) closed at $71.49, marking a +0.68% move from the previous day.

Bank sector could see regulatory reform ahead

11:56am, Friday, 13'th Dec 2024
CNBC's Leslie Picker reports on news regarding the incoming administration.
Tariq Bin Hendi, Astra Tech board member and managing director, shares insights on the firm's subsidiary Quantix, which secured a $500 million financing deal with Citi.

The Big 3: CAT, C, VIX

12:43pm, Wednesday, 11'th Dec 2024
@Theotrade's Don Kaufman talks about uncertainty in today's Big 3. In the case of Caterpillar (CAT) and Citigroup (C), he leans bearish.
C and JPM project IB and market revenues to grow in the fourth quarter of 2024. The banks also provide new and updated guidance for revenues and expenses.
Bloomberg's Sonali Basak sits down with Citigroup CEO Jane Fraser at their New York headquarters. Fraser talks about her plans for turning around the bank and investing in emerging markets, growing pr
The artificial intelligence rally over the past two years, led by the so-called Magnificent 7, has been remarkable if you owned those stocks.
Citigroup expects a 25% to 30% rise in investment banking fees in the fourth quarter from a year earlier, while market revenue will be the "high teens" in percentage, its CFO Mark Mason said on Tuesda
Bernstein analyst David Vernon says airline's new credit-card alliance will improve its ability to reduce its debt load

Why Citi Stock Is Up Over 40% This Year

06:00am, Tuesday, 10'th Dec 2024
Citigroup stock (NYSE: C) has gained about 44% year-to-date, compared to the 27% rise in the S&P 500 index over the same period. Citi's peer Wells Fargo (NYSE: WFC) is up by an even stronger 54% YTD.
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