Citigroup (C) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this U.S. bank have returned -16.2%, compared to the Zacks S&P 500 composite's -6.5% change. During this period, the Zacks Banks - Major Regional industry, which Citigroup falls in, has lost 3.7%. The key question now is: What could be the stock's future direction?Although ...

Investment banks are rebounding after some challenging years for the industry.Investment banks have had a tough go of it over the past several years as deal activity dried up. However, things are showing signs of turning around. In the first half of this year, investment banks saw earnings rebound thanks to receptive debt and equity markets.Investment bank CEOs have noted that backlogs are increasing significantly, an excellent sign for investment banks going forward. Here are three investment banks you can ...

Robert Way For Citigroup (NYSE:C) (NEOE:CITI:CA), this is not a repeat of the 2008/2009 financial crisis, nor is it your mother's Citigroup either. The U.S. G-SIB banks such as Citi, JPMorgan (JPM), and Bank of America (BAC) are exceptionally well-capitalized and liquid, and their risk exposures are substantially more benign compared with pre-GFC downturns. In a sense, the post-Dodd-Frank regulatory regime de-risked the large banks to a large extent. Make no mistake about this, I am quite certain Citi ( ...

Mario Tama There was some panic selling of Citigroup (NYSE:C) stock to close the week; yet, despite some setbacks in Q2, particularly on the expense side, the direction of travel of Citi’s turnaround remains very positive. Yes, another regulatory penalty adds unwelcome uncertainty near-term, but the more important development, in my view, is that Citigroup’s mid-term P&L targets remain firmly intact. More broadly, all the key self-help levers have only gained traction since I last covered the name (see ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9924 Citigroup Inc. (Exact name of registrant as specified in its charter) Delaware 52-1568099 (State or other jurisdiction of inco ...

Citigroup Inc. (C) is again in the headlines for repeatedly breaching the Federal Reserve’s Regulation W, which limits intercompany transactions. Those breaches led to discrepancies in the company’s internal liquidity reporting. This was reported by Reuters, citing an internal company document. Regulation W is in place to protect customer deposits and restrict the transactions between a bank and its affiliates in order to protect depositors whose funds were insured by the government. This violation is not a ...

Citigroup reportedly made repeated breaches of a Federal Reserve rule limiting intercompany transactions.Those breaches led to errors in the banking giant’s internal liquidity reporting, Reuters reported Wednesday (July 31), citing an internal document from Citi.According to the report, the Fed’s Regulation W requires banks to restrict transactions such as loans to the affiliates under their control to protect depositors whose funds are insured up to $250,000 by the government.Reuters notes that the infract ...

ORLANDO, Fla., July 26, 2024 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a premier provider of influencer marketing technology, data and services for the world’s leading brands, today announced that it granted a total of 169,357 time-based restricted stock units (“RSUs”) under the IZEA Worldwide, Inc. 2023 Inducement Plan (the “Inducement Plan”) in connection with its acquisition of The Reiman Agency, which closed on July 24, 2024. The time-based RSU grant was issued to Alden Reiman, Managing D ...

Tara Moore We previously covered Citigroup Inc. (NYSE:C) in May 2024, discussing the stock's optimistic rally as it outperformed the wider market, with it underscoring the reversal in market sentiments. At that time, we had reiterated our Buy rating, since the bank's impacted FQ1'24 RoTCE was mostly attributed to the one-time FDIC special assessment expense and restructuring-related costs, with things likely to lift from FQ2'24 onwards as the management reiterated the FY2024 guidance. Since then, C has ...

Robert Way Citigroup (NYSE:C) reported earnings for the June quarter on July 12th, comfortably beating analyst consensus estimates on both revenue and earnings. However, despite the strong results, shares declined by almost 2% as Citigroup warned that costs for the FY 2024 may come in at the higher end of the range. Now, while I do acknowledge that cost is a focus point for investors when drafting an equity story for the bank, I also highlight that an investment opportunity should be judged holistically ...