JPM, C, GS and others file a joint lawsuit against the Fed over annual stress testing transparency and framework.
In the most recent trading session, Citigroup (C) closed at $71, indicating a +1.76% shift from the previous trading day.
The latest trading day saw Citigroup (C) settling at $69.77, representing a +0.84% change from its previous close.
Warren Buffett appears to be on track to beat the S&P 500 again in 2024, but not by much. Berkshire Hathaway's shares are up year-to-date only around 3% more than the S&P.
KBW praises Citi's value, Goldman's revenue upside and Bank of America's expected net interest income growth.
If any investor has stood the test of time, it is Warren Buffett, and with good reason.

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.
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