Citi Shares Jump on Earnings Beat, Stock Buyback Plan
Citigroup said its board of directors authorized a new multiyear $20 billion stock buyback program that will begin in the first quarter of 2025, helping to trigger a surge in the share price. CFO Mark Mason said the planned buyback reflects confidence in the bank’s strategy.
Fourth-quarter earnings at JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup beat analysts’ estimates.
Citigroup exceeded expectations in Q4 2024, driven by strong business performance.
Citigroup Inc.'s Chief Executive Jane Fraser said the bank expects to report return on tangible common equity, or ROTCE of 10% to 11% in 2025, but she's working to push it higher. "This level is a ...
The broker released its best investment ideas for the smaller end of the sharemarket this year, which includes a retailer, a ...
Atlassian ( TEAM 2.01%) stock enjoyed a modest price bump of 1.7% through 11:30 a.m. ET Wednesday after earlier enjoying a ...
Southwest Airlines’ stock was falling Thursday, after Citigroup downgraded the stock to sell from neutral, arguing that the ...
Follow live coverage of Wells Fargo, JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, Morgan Stanley, and BlackRock ...
Citigroup initiated a major transformation plan in 2024 in an effort to unlock value and drive higher returns. Management ...
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