The latest trading session saw Citigroup (C) ending at $70.75, denoting a +1.3% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.3%. Meanwhile, the Dow gained 0.99%, and the Nasdaq, a tech-heavy index, added 0.27%.The U.S. bank's shares have seen an increase of 13.08% over the last month, surpassing the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1%.The investment community will be closely monitoring the performance of Citigroup in its f ...

Citigroup Inc. (C) received approval from the Ministry of Investment Saudi Arabia (MISA), which allows the bank to open its regional headquarters in Riyadh, per an internal memo obtained by Reuters. Fahad Aldeweesh, CEO of Citigroup Saudi Arabia, highlighted the importance of this development in the memo, stating, “This marks a significant leap forward for our franchise in Saudi Arabia, and we look forward to our continued growth in the kingdom.”As part of Crown Prince Mohammed bin Salman's initiatives to d ...

Citi (NYSE: C ) is in the midst of a turnaround which is slowly but surely improving the earnings results being achieved by the bank. While Q3 results did see some solid gains in their Services, Banking and Wealth Buffett-style value picks fit for the modern investor | Top 95th percentile of financial bloggers according to TipRanks.Six years of long-horizon investment portfolio management and consulting. I focus on creating portfolio value through synergetic stock picks and ETFs to create robust and profita ...

In the latest trading session, Citigroup (C) closed at $69, marking a +0.35% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.39%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.6%. Prior to today's trading, shares of the U.S. bank had gained 9.4% over the past month. This has outpaced the Finance sector's gain of 3.06% and the S&P 500's gain of 1.06% in that time. Market participants will be closely following the financial results of Citigrou ...

U.S. government agencies are reportedly investigating Citigroup's anti-money laundering (AML) policies and its ties to a sanctioned Russian official. The Department of Justice (DOJ), the FBI and the IRS are looking at the bank's work for a trust that holds assets owned by Russian billionaire Suleiman Abusaidovich Kerimov, Bloomberg reported Thursday (Nov. 14), citing unnamed sources. A Citigroup spokesperson told Bloomberg: "Citi is committed to conducting all business with the highest consideration for com ...

Citigroup is being probed by US government agencies over its ties to sanctioned Russian billionaire Suleiman Abusaidovich Kerimov, Bloomberg News reported on Thursday, citing a person familiar with the matter.The Department of Justice, the Federal Bureau of Investigation, and the Internal Revenue Service are probing the bank’s work with Delaware-based Heritage Trust, which holds assets owned by Kerimov, the report said.“Citi is committed to conducting all business with the highest consideration for complian ...

It has been about a month since the last earnings report for Citigroup (C) . Shares have added about 7.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Citigroup due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Citigroup Q3 Earnings Beat Estimates, IB Revenues Incr ...

Pent-up demand for mergers and acquisitions (M&A) activity has been released by the election of Donald Trump, Citigroup CEO Jane Fraser said Tuesday.Speaking with Bloomberg Television, Fraser said the bank’s clients had been waiting to begin M&A activity and are now focused on doing so, Bloomberg reported Tuesday.There is demand for M&A activity across industries because companies see that they need to scale to compete, Fraser said, according to the report.Addressing Citigroup’s restructuring and its sharpe ...

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 September 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) | --- | --- | |------------------------------------ ...

Citigroup, Inc. (C) entered a multi-year agreement with Google Cloud, which is intended to support C's digital strategy through cloud technology and artificial intelligence (AI). This collaboration aims to modernize Citigroup's technological infrastructure, and improve employee and client experiences via cloud-based apps. Google Cloud's secure infrastructure enables financial institutions to confidently embrace digital transformation while protecting sensitive data, and meeting strict regulatory, policy and ...