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Overall, ETFs pulled in $24.5 million in capital last week, taking year-to-date inflows to $196.4 billion.
Citigroup (C) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Large U.S. banks kicked off the first-quarter earnings report season by disclosing higher-than-expected profits. But their net interest income—a key performance indicator for the sector—fell shy of projections.
The market isn't particularly impressed with what it saw in the quarterly releases from JPMorgan JPM, Citigroup C, and even Wells Fargo WFC. Part of the issue appears to be underwhelming guidance, particularly from JPMorgan, that most analysts saw as overly conservative.
Emily Roland, John Hancock co-chief investment strategist, and Bob Elliott, Unlimited CEO, joins 'Closing Bell Overtime' to talk the day's market action.
Citigroup Inc. (NYSE:C ) Q1 2024 Earnings Conference Call April 12, 2024 11:00 AM ET Company Participants Jennifer Landis - Head of IR Jane Fraser - CEO Mark Mason - CFO Conference Call Participants Mike Mayo - Wells Fargo Glenn Schorr - Evercore Betsy Graseck - Morgan Stanley Jim Mitchell - Seaport Global Ebrahim Poonawala - Bank of America Erika Najarian - UBS John McDonald - Autonomous Research Ken Usdin - Jefferies Vivek Juneja - JPMorgan Scott Siefers - Piper Sandler Gerard Cassidy - RBC Capital Markets Matt O'Connor - Deutsche Bank Saul Martinez - HSBC Chris Kotowski - Oppenheimer Steven Chubak - Wolfe Research Operator Hello and welcome to Citi's First Quarter 2024 Earnings Call. Today's call will be hosted by Jenn Landis, Head of Citi Investor Relations.
Citigroup's latest results took note of continued spending on credit cards but there were some notes of caution in the mix. The earnings materials detailed that branded card-related volumes were 4% higher year on year in the March period, to just under $121 billion.
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 equity markets.
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 per share from $196.
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.