Citigroup Inc. (NYSE:C) ranks among the best financial stocks to buy according to billionaire Israel Englander. RBC Capital reaffirmed an Outperform rating and a $121 price target for Citigroup Inc. (NYSE:C) on January 15, following the bank’s solid quarterly results. The company announced adjusted earnings per share of $1.81, exceeding analysts’ projections of $1.70. Pixabay/Public Domain Citigroup Inc. (NYSE:C) management indicated confidence in meeting their medium-term goals of 10-11% Return on Tang ...

Core Viewpoint - The recent volatility in bank stocks presents an opportunity for investors, particularly in three specific banks that are expected to rebound due to bank-specific catalysts [2][3]. Group 1: Citigroup - Citigroup's stock has experienced a pullback from nearly $125 to around $114 per share, despite a strong start to the year [4]. - The bank's market capitalization is $203 billion, with a current price of $113.59 and a dividend yield of 2.04% [5][6]. - Citigroup improved its earnings by 18% last year, and its turnaround is entering the final stage through cost-cutting measures, which could significantly impact its stock price [6][7]. Group 2: Flagstar Bank - Flagstar Bank, formed from a merger in 2022, has faced challenges due to high exposure to commercial real estate loans, particularly after acquiring Signature Bank [8][10]. - The current stock price is $12.90, with a market cap of $5.4 billion and a dividend yield of 0.31% [9][10]. - Management aims to return to profitability this year, with earnings projected to reach $2.10 to $2.20 per share by 2027, potentially increasing the stock price to the mid-$20s [11]. Group 3: Pinnacle Financial Partners - Pinnacle Financial Partners has seen its stock price decline over 15% in the past year but is positioned for recovery following its acquisition of Synovus Financial [12]. - The current stock price is $97.06, with a market cap of $15 billion [13]. - The merger is expected to be 21% accretive to 2027 earnings, with analysts forecasting around 12% earnings growth in 2026, which could lead to earnings exceeding 35% above 2025 estimates [14].

Core Viewpoint - Citi has transitioned from a phase of remediation to one focused on competition, with CEO Jane Fraser emphasizing the need for cultural change within the organization [1][2]. Group 1: Company Transformation - Since Jane Fraser became CEO in 2021, Citi has improved significantly, with its stock rising approximately 40% over the past year and over 80% in the last five years, indicating growing investor confidence [2]. - The bank's transformation is supported by three key executives responsible for critical growth areas: investment banking, wealth management, and technology [3]. Group 2: Key Executives and Their Impact - Viswas Raghavan, head of banking, has driven investment banking fees up by 35% year-over-year in 2025, with M&A revenues increasing by 84% [6]. Notable client wins include Boeing, Pfizer, and a $14.9 billion acquisition for Nippon Steel [7]. - Andy Sieg, head of wealth management, reported a 22% revenue increase over two years and aims to integrate wealth offerings with AI in daily workflows [11][12]. He has made strategic hires to strengthen the division [14]. - Tim Ryan, head of technology, is leading the integration of AI into Citi's operations, with over 80% of transformation programs nearing completion [17]. The bank has utilized generative AI for one million automated code reviews, saving around 100,000 hours weekly [20]. Group 3: Competitive Landscape - The finance industry is rapidly evolving due to AI, with major firms like Goldman Sachs and JPMorgan investing heavily in technology [21]. Citi is now positioned to redefine its identity after years of addressing past issues [21].

花旗CFO在最近的财报电话会议上曾表示，他们一直在削减员工数量，并预计这一趋势将持续下去，目 的就是降本增效。他还提到花旗去年的遣散费约8亿美元。 美股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 智通财经获悉，据市场消息，花旗(C.US)预计将在三月份裁掉更多员工，本月已进行了一轮约1000人的 裁员。消息人士称，新一轮裁员预计将在奖金发放后宣布，但并没有透露裁掉多少。 消息人士说，三月份的裁员很可能会波及各业务线的MD和senior级别员工。一些高级别管理人员已被 调岗到不同的部门，以便在人员缩减前确保自身岗位的稳定性。 ...

花旗CFO在最近的财报电话会议上曾表示，他们一直在削减员工数量，并预计这一趋势将持续下去，目 的就是降本增效。他还提到花旗去年的遣散费约8亿美元。 智通财经APP获悉，据市场消息，花旗(C.US)预计将在三月份裁掉更多员工，本月已进行了一轮约1000 人的裁员。消息人士称，新一轮裁员预计将在奖金发放后宣布，但并没有透露裁掉多少。 消息人士说，三月份的裁员很可能会波及各业务线的MD和senior级别员工。一些高级别管理人员已被 调岗到不同的部门，以便在人员缩减前确保自身岗位的稳定性。 ...

Goldman Sachs Group Inc. CEO David Solomon saw his biggest pay hike yet, as the investment bank chief's compensation for 2025 jumped by 21% to $47 million, according to a Bloomberg report.The hike — David Solomon's highest ever — comes as Goldman Sachs stocks soared amid his leadership, it added.Notably, David Solomon beat America's largest banker, JPMorgan Chase's CEO Jamie Dimon's pay for 2025, which rose 10.3% to $43 million. Both Solomon and Dimon earned the same ($39 million) in 2024.Also Read | This N ...

Citigroup Inc. (NYSE:C) is preparing for another round of employee layoffs expected in March, following approximately 1,000 job cuts executed earlier this month.The upcoming reductions are expected to primarily affect managing directors and other senior employees across business lines, according to a source cited by Reuters on Thursday, as the bank continues to streamline operations amid a broader restructuring effort.The latest cuts form part of a long-term plan announced two years ago to eliminate 20,000 ...

Citigroup reportedly plans to lay off an unspecified number of employees in March after cutting about 1,000 jobs this month.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The March layoffs are likely to involve ma ...

Group 1 - Bank stocks experienced a decline on Friday, with Goldman Sachs (GS.US) falling over 3%, marking the largest intraday drop in two months [1] - JPMorgan Chase (JPM.US) decreased by more than 1.3%, while Morgan Stanley (MS.US) dropped over 1.6%, and both Bank of America (BAC.US) and Citigroup (C.US) fell by more than 1% [1] - The decline in bank stocks is linked to a lawsuit filed by President Trump against JPMorgan Chase and its CEO Jamie Dimon, accusing the bank of illegally "de-banking" his business due to its political stance and placing it on an industry "blacklist" [1]

Group 1 - Citigroup is expected to implement further layoffs in March following approximately 1,000 job cuts this month [1]