C Stock Recent News

Ebrahim Poonawala, BofA Securities senior North America banks analyst, joins 'Money Movers' to discuss bank earnings and the 'Mag 5' of banking.

NEW YORK--(BUSINESS WIRE)--Today, Citi announced the Citi Strata Elite℠ Card—a new premium credit card offering 12x points on Hotels, Car Rentals, and Attractions booked on the Citi Travel® platform; 6x points on Air Travel booked on Citi Travel; 6x points at Restaurants, every Friday & Saturday from 6 p.m. to 6 a.m. ET; and more travel, dining and entertainment benefits. Plus, with the Citi Strata Elite Card, cardmembers can unlock nearly $1,500 in value each year—with valuable lifestyle b.

With a $595 annual fee, the Strata Elite will compete with the Chase Sapphire Reserve and American Express Platinum.

Rising annual fees and excessive statement credits have led to some fatigue in the premium credit-card market — but consumer demand persists.

Citi's refreshed strategy under Jane Fraser is a game-changer, focusing on lower capital requirements and operational improvements, setting the stage for sustained outperformance. Capital return is a key catalyst: ongoing buybacks, the Banamex IPO, and continued CCAR outperformance should drive higher shareholder returns and lower capital ratios. Lower capital targets will boost Citi's ROE and valuation multiples, supporting a potential re-rating to 1.5x book value over the next 2-3 years.

Citigroup's global head of clean energy transition investment banking is leaving the U.S. lender for a role advising on mergers and acquisitions at boutique bank Moelis , people familiar with the matter said on Friday.

Citigroup is reportedly increasing its research efforts into private companies. Heath Terry, a veteran of firms like Goldman Sachs, joined Citi to head coverage of the artificial intelligence industry and guide other analysts in researching private firms in other sectors, Bloomberg reported Wednesday (July 23).

Citigroup (C -0.89%) is an industry-leading bank in the U.S. that easily stands toe to toe with other industry giants, like Bank of America (BAC 0.36%). But that isn't enough of a reason to buy Citigroup stock.

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SINGAPORE--(BUSINESS WIRE)--Citi and Ant International announced today that they are piloting the use of Ant International's Falcon Time-Series Transformer (TST) Model to deliver an enhanced FX risk management solution for their customers. Developed with aviation clients as an initial use case, the solution aims to offer greater payment solutions for the airline industry, which processes billions of payment transactions annually. With airline travel set to continue growing, the joint solution c.