Citigroup is cutting nearly 300 workers in New York as it continues its massive layoff spree in an effort to reign in expenses, according to filings with the State Labor Department.   About 239 workers in the primary banking subsidiary, 44 from its broker-dealer unit and three from its technology arm are getting cut, according to Worker Adjustment and Retraining Notification (WARN) notices filed this week.  In early January, the company announced that it was cutting 20,000 roles "over the medium-term," as p ...

The 6 Highest Yielding Warren Buffet Stocks Have Serious Upside Potential Chip Somodevilla / Getty Images If any investor has stood the test of time, it’s Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal fans who are investors. Known for his long buy-and-hold strategies and his massive portfolio of public and private holdings, he remains one of the ...

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, the remaining 22,000 shares outstanding of its 7.125% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series J (ticker “C Pr J”) (the “Preferred Stock”) and the corresponding Series J Depositary Shares representing interests in the Preferred Stock, equivalent to $550 million aggregate liquidation preference. 16,000 shares of the Preferred Stock and the related Depositary Shares, equivalent to $400 million aggregate liquidation prefe ...

Citigroup (C) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this U.S. bank have returned -2.4%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Banks - Major Regional industry, which Citigroup falls in, has gained 3.7%. The key question now is: What could be the stock's future direction?Although media reports o ...

Blue-chip stocks are typically known as high-quality, reliable and well-established companies with strong track records of growth and profitability. However, even these market leaders can sometimes face challenges and setbacks that cause their share prices to drop below their intrinsic values. Yet market fluctuations and such price declines create an opportunity for savvy investors to buy these blue-chip stocks at bargain prices and enjoy long-term returns. With that information, here are three stalwarts of ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewHello! There's donating to charity, and then there is gifting $1 billion to a Bronx medical school to cover students' tuition in perpetuity.  In today's big story, we're looking at the reshuffling ...

Arvind Jain, co-founder and CEO of Glean, makes a selfie with employees of the startup, which is based in Palo Alto, Calif.Artificial intelligence startup Glean attracted tech companies Databricks and Workday into its latest investment round. The Silicon Valley company also reeled in cash from Wall Street.Glean, whose software sifts through corporate repositories to provide quick answers to workers' questions, said Tuesday that it's raised $200 million at a $2.2 billion valuation. Banking giant Citigroup jo ...

The subject of 3M's (MMM 0.38%) dividend came up again during a Citigroup industrial conference where 3M's management team fell short of strongly affirming it would maintain it at current levels. As such, I thought I'd share some thoughts on the issue and lay out some numbers so readers can make up their minds.Management's commentaryCitigroup analyst Andrew Kaplowitz asked 3M management if it had any thoughts on the dividend in light of the release of a Form 10 SEC filing related to the upcoming spinoff of ...

Bloomberg/Bloomberg via Getty Images In a surprise move, financials ended the year at the highs with Citigroup (NYSE:C) trading up to nearly $60 to start 2024. The large bank hasn't traded this high in a couple of years despite the cheap valuation. My investment thesis remains ultra Bullish on the stock still trading below tangible book value, but the large bank has constantly failed to execute turnaround plans. Source: Finviz Improving Efficiency Citigroup expects to transform the business via reducing cos ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 incorpor ...