Citigroup Inc. (C) launched a new integrated digital bill discounting solution, Citi Digital Bill (CDB), to modernize long-standing trade finance practices. By eliminating the need for physical documents, couriers and paper handling across various global parties, CDB significantly simplifies the process. This new platform offers sellers a faster and transparent way to manage receivables, which reduces the time needed to monetize receivables from days to under an hour. Currently, CDB is available to clients ...

Citi has teamed with Google to use artificial intelligence (AI) and cloud technology to bolster its digital strategy. The collaboration, announced Monday (Oct. 28), is designed to use Google Cloud's expertise to upgrade the banking giant's infrastructure. "Citi is on a mission to modernize our infrastructure and increase our safety and soundness so that our businesses can continue to serve our clients with speed and agility," Tim Ryan, head of technology and business enablement for Citi, said in a news rele ...

Citigroup, Inc. (C) had an impressive performance in the third quarter of 2024 as earnings and revenues topped the Zacks Consensus Estimate. This was mainly driven by solid growth in investment banking (IB) revenues. Along with the strong quarterly results, the company’s business-transforming initiatives focused on core operations are encouraging. Given this, many investors may be tempted to buy the stock. However, the pertinent question arises whether now is the right time to invest., It is important to de ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...

Citigroup (NYSE: C ) delivered strong earnings in Q3-2024 which I will discuss later in this article. However, the stock fell 5% on the day partly due to profit-taking (the stock outperformed in the last 12 months) but mostly due to (unwarranted) concerns aboutIndependent banking research focuses on financials, deep value, special situations, and financial arbitrage. Agnostic and apolitical approach for scouring the earth for durable and uncorrelated cashflows that work well in both inflationary and deflati ...

Citigroup Today C Citigroup $62.64 -3.37 (-5.11%) 52-Week Range $38.17 ▼ $67.81 Dividend Yield 3.58% P/E Ratio 17.55 Price Target $70.33 Add to Watchlist The most critical earnings set for investors to look over and digest this season have just come out, and those are the results of the financial sector, particularly from banking stocks. However, investors need to understand that there are two types of banks to watch over this season: commercial banks and investment banks. The former covers the business cyc ...

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[Table_Title] 研究报告 Research Report 15 Oct 2024 花旗银行Citigroup (C US) 营收、利润和不良率均超预期，净息差不及预期 Revenue & Profit & NPL Ratio Beat, NIM Miss 周琦 Nicole Zhou, CFA 林加力 Jiali Lin nicole.q.zhou@htisec.com jiali.lin@htisec.com [Table_yemei1] 热点速评 Flash Analysis [Table_summary] (Please see APPENDIX 1 for English summary) 事件 花旗集团（C.US）发布 2024 年三季度业绩报告。 点评 24Q3 营收利润超预期，净利息收入和非息收入均优于预期： 营收同比增速为+0.9%，优于彭博一致预期的-1.6%。 净利息收入同比增长-3.4%，优于彭博一致预期的-4.3%。 非息收入同比变化+10.2%，优于彭博一致预期的-0.9%。 成本收入比同比-1.9pct 至 65.20%，优于彭博一致预期的 67.4%。 归属于普通股股 ...

Citigroup’s earnings Tuesday (Oct. 15) echo the sentiment of other banks that have reported in the past few days:Investment banking and trading revenues were up. And consumers remain resilient — though in the words of CEO Jane Fraser on the conference call with analysts, spending has been “healthy,” but consumers have become “discerning” in what they are buying.As far as banking had been concerned, Citi’s earnings materials show equity market revenues were up by about a third, and overall banking revenues w ...

Citigroup Inc. (NYSE:C) Q3 2024 Earnings Conference Call October 15, 2024 11:00 AM ET Company Participants Conference Call Participants Operator Hello, and welcome to Citi's Third Quarter 2024 Earnings Call. Today's call will be hosted by Jenn Landis, Head, Citi Investor Relations. We ask that you please hold all questions until the completion of the formal remarks, at which time you'll be given instructions for the question-and-answer session. Also, as a reminder, this conference is being recorded today. I ...