A sign is posted in front of an Olive Garden restaurant on June 20, 2024 in Rohnert Park, California.Dividend-paying stocks can help investors bolster their portfolios and boost returns.Investors searching for these names will need to find companies that have a track record of making steady payments, backed by robust financials.Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance.Darden RestaurantsThe first ...

Andres VictoreroC stock’s 2024 stress test results I last covered Citigroup (NYSE: NYSE:C) with a buy rating in early April after its Q1 earnings report (see the screenshot below). At that time, my bull thesis was anchored in the following three considerations: Strong Q1 results, which beat market expectations on both GAAP EPS and revenue. Strong CET1 ratio of 13.5%, providing the financial strength to support growth opportunities. Reasonable valuations (especially in terms of the P/TBV ratio) and ge ...

Wall Street’s largest banks are ready to return excess capital to shareholders via dividends and share repurchases as all 31 cleared the Federal Reserve’s 2024 Stress Test. The outcome of this annual exercise shows how much capital banks need to be healthy and dictates how much they can return to shareholders.The stress tests, mandated under the Dodd-Frank financial services law, were introduced in the aftermath of the 2008 financial crisis. It evaluates banks' capital adequacy, liquidity and risk managemen ...

Citigroup’s head of risk data, analytics, reporting and tech Peter Cai has reportedly become the latest senior executive to leave the bank.Cai’s departure was announced internally on Tuesday (June 25) and a Citigroup spokesman confirmed the move Wednesday (June 26), Reuters reported Wednesday.The executive had recently focused on risk data analytics and reporting, as data remediation was shifted in 2023 from his team to another, according to the report.A “large number” of senior executives have been among t ...

The J.P. Morgan building in Central Hong Kong, in Hong Kong, China, on March 6, 2022. (Photo by ... [+] Marc Fernandes/NurPhoto via Getty Images)NurPhoto via Getty ImagesJPMorgan’s stock (NYSE: JPM) has gained approximately 17% YTD, as compared to the 14% rise in the S&P500 over the same period. Notably, JPMorgan’s peer Citigroup (NYSE: C) is up 20% YTD. Overall, at the current market price of $199, JPM stock is trading 4% below its fair value of $208 – Trefis’ estimate for JPMorgan’s valuation. Amid the cu ...

Citigroup (C) closed at $61.58 in the latest trading session, marking a +0.39% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.09% for the day. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq gained 0.16%.Shares of the U.S. bank witnessed a loss of 3.52% over the previous month, trailing the performance of the Finance sector with its gain of 0.26% and the S&P 500's gain of 2.83%.The upcoming earnings release of Citigroup will be of great interest to inves ...

Nils Versemann/iStock Editorial via Getty Images Citigroup (NYSE:C)(NEOE:CITI:CA) is in an interesting spot. Over many years, it has underperformed considerably against peers such as JPMorgan (JPM), Bank of America (BAC), and recently Wells Fargo (WFC) in terms of stock appreciation and relevant metrics for a bank. However, the aggressive restructuring plan that CEO Jane Fraser and CFO Mark Mason are implementing might help lay the first bricks to turn around the situation and stick closer to its peers ...

Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022.Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American lenders.The Federal Reserve and the Federal Deposit Insurance Corporation said that the so-called living wills — plans for unwinding huge institutions in the event of d ...

Citigroup, Inc.’s (C) ‘living will,’ which outlines the company's plans for winding down in the event of a catastrophic event, was rejected by U.S. banking regulators. In a meeting, most of a five-member Federal Deposit Insurance Corporation (“FDIC”) board decided not to approve the company’s resolution plan, citing ‘deficient’ data controls.As part of the measures implemented after the 2008 financial crisis, the largest banks in the country are mandated to have these kinds of plans in place to protect the ...

As part of Citigroup Inc.’s (C) broader strategy, it has launched Citi Commercial Bank (CCB) in Japan with an aim to expand its commercial banking in key growth areas across certain clusters. This launch follows CCB’s introduction in France and Ireland in 2023, preceded by its launch in Germany, Switzerland and Canada in 2022.C’s existing banking capabilities, which assist large Japanese corporations and worldwide multinational corporations operating in Japan, are enhanced by the new launch. Citi will suppo ...