C Stock Recent News
C LATEST HEADLINES
Citigroup said on Tuesday its Polish unit has agreed to sell its consumer banking business in the country to Velobank, as the Wall Street giant nears the end of a years-long effort to exit non-core retail banking markets.
We initiate coverage on Citigroup Inc. with a Buy rating, driven by our conviction that the company's transformation will generate outsized EPS growth and risk-adjusted returns. Citi's disciplined expense management, segment momentum, and aggressive $20B buyback underpin my view that the Street underestimates its earnings power. Valuation at 9.5x FY26E P/E is conservative versus peers, balancing Citi's earnings trajectory with ongoing regulatory and macro risks.
Lenders face plenty of risks, but rising longer-term interest rates can work to their advantage.
Some of the biggest U.S. banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday.
The discussions involve payments companies co-owned by JPMorgan Chase, other large banks.
C launches AI-powered tools in Hong Kong to streamline internal operations and improve efficiency.
I upgrade Citigroup to a buy as technicals are net bullish and the turnaround appears to be underway, despite some consolidation risk. Q1 earnings were impressive, with EPS growth at multiyear highs and ROTCE showing significant year-over-year improvement, signaling a recovery. Citi trades at a 41% P/B discount to sector peers, indicating undervaluation, given the improving fundamentals and inflection point for the business.
Citigroup has launched Citi AI, a suite of artificial intelligence (AI) tools for its employees in Hong Kong, the bank said on Thursday.
The banking sector is facing headwinds and the big bank stock prices are stretched. While the big banks might get reserve requirement relief, that might weaken them by thinning their financial cushions. I have been selling four Globally Systemically Important Bank stocks.
Do you want to succeed in the stock market? Then I've got good news and bad news for you today.