Mexican financial and antitrust authorities have received documents to request approval of an offer by billionaire Fernando Chico Pardo to acquire 25% of Citigroup’s Grupo Financiero Banamex, sources say https://t.co/nSXwC88XNw ...

Citi has announced support for BVNK, a stablecoin payments platform.Ishraq Alim (@ishraq8):Citigroup (Citi) has announced its support for BVNK, a stablecoin payments platform. Checkout Messari's Copilot report to find out why & key players. https://t.co/TAQFQIbMEm ...

Core Insights - Citi Ventures has invested in BVNK, a stablecoin infrastructure platform, highlighting the growing interest in digital asset-based infrastructure [2][3] - BVNK's platform processes over $20 billion annually for enterprises and payment service providers, serving notable clients like Worldpay, Flywire, and dLocal [2] - The stablecoin market has experienced a 42% growth this year, surpassing $300 billion in value, driven by the expansion of stablecoins beyond mere payment functions [4] Company Insights - BVNK aims to facilitate the global movement of money by enabling companies to utilize stablecoins for quick cross-border transactions and innovative financial products [3] - The investment from Citi comes at a time of increasing regulatory clarity regarding stablecoins, including the recent introduction of the GENIUS Act in the U.S. [3] Industry Insights - Stablecoins are positioned to address inefficiencies in traditional cross-border payment methods, which often involve multiple banks and associated fees, leading to delays and lack of transparency [5] - The use of stablecoins can enable near-instant settlement and improve liquidity management for businesses, with the B2B cross-border payments market representing a significant opportunity estimated at $40 trillion [6]

Core Insights - The crypto industry, initially a response to the financial crisis, has become increasingly integrated with Wall Street, indicating a growing synergy between the two sectors [1] - The rise in Bitcoin's price and the emergence of decentralized financial applications have attracted Wall Street's interest, although early initiatives faced challenges due to regulatory uncertainties [2] - Recent regulatory developments, including the Genius Act, have created a more favorable environment for crypto, suggesting that blockchain technology is likely to remain relevant [3] Company Developments - Citi has been a pioneer in utilizing blockchain technology through its Citi Token Services program, which facilitates 24/7 payments among institutional clients using a private blockchain [4] - The potential for broader applications of blockchain in banking remains uncertain, but some institutions are exploring the tokenization of financial instruments and the issuance of stablecoins [5] - The Securities and Exchange Commission's efforts to establish new regulatory frameworks for crypto are enabling Wall Street to investigate innovative applications, particularly in tokenized stocks [5]

Group 1 - Major financial institutions such as JPMorgan Chase & Co., Wells Fargo & Company, Goldman Sachs Group Inc., BlackRock Inc., and Citigroup Inc. are set to report earnings next Tuesday pre-market [1] - Following the major financials, Bank of America Corporation and Morgan Stanley will report earnings next Wednesday [1] - Taiwan Semiconductor Manufacturing Company Ltd., a key player in the tech sector, will report earnings next Thursday pre-market [1] Group 2 - Significant earnings reports earlier in the week include PepsiCo Inc. on Thursday before the market opens and Johnson & Johnson next Tuesday pre-market [1] - ASML Holding N.V. is also expected to release important technology earnings next Wednesday pre-market, alongside healthcare leader Abbott Laboratories [1]

Core Insights - Citigroup is set to announce its earnings on October 14, 2025, with projected revenues of approximately $21 billion, reflecting a 4% increase year-over-year, and earnings anticipated at around $1.83 per share, indicating a 20% rise compared to the previous year [2] - The growth is expected to be driven by a strong investment banking segment, increased deal activity, and enhanced revenues from fixed income and equity trading, alongside robust performance in the wealth management division [2] - The company's current market capitalization is $181 billion, with total revenues of $83 billion and a net income of $14 billion over the last twelve months [3] Revenue and Earnings Expectations - Revenues are projected to be around $21 billion, a 4% increase from the previous year [2] - Earnings per share are expected to be approximately $1.83, reflecting a 20% year-over-year increase [2] Investment Banking and Wealth Management Performance - The investment banking segment is anticipated to perform well due to volatile markets and heightened deal activity [2] - The wealth management division is expected to benefit from stronger asset growth and expansion in premium services such as Citigold and the Private Bank [2] Historical Earnings Data - Over the past five years, Citigroup has recorded 18 earnings data points, resulting in 9 positive and 9 negative one-day returns, indicating a 50% chance of positive returns [6] - The percentage of positive one-day returns increases to 55% when considering the last three years [6] - The median for positive returns is 1.8%, while the median for negative returns is -1.8% [6]

Citigroup Inc. (NYSE:C) will release earnings results for the third quarter, before the opening bell on Tuesday, Oct. 14.Analysts expect the New York-based company to report quarterly earnings at $1.76 per share, up from $1.51 per share in the year-ago period. Citigroup projects quarterly revenue of $21.12 billion, compared to $20.32 billion a year earlier, according to data from Benzinga Pro.On Sept. 24, Citigroup announced $2.75 billion redemption of 5.610% Fixed Rate/Floating Rate Notes due 2026.Shares o ...

Core Insights - The article provides a market analysis focusing on the S&P 500 and S&P 500 Futures, indicating current trends and potential investment opportunities [1] Group 1: S&P 500 Analysis - The S&P 500 index has shown significant fluctuations, reflecting broader market sentiments and economic indicators [1] - Recent performance metrics suggest a potential upward trend, driven by strong earnings reports from key sectors [1] Group 2: S&P 500 Futures - S&P 500 Futures indicate investor expectations for future market movements, with current data suggesting a bullish outlook [1] - The futures market is reacting to macroeconomic factors, including interest rate changes and inflation concerns, which could impact future performance [1]

Core Insights - Citi has successfully met the Central Bank of Nigeria's new capital requirements by injecting fresh capital into its Nigerian unit, ensuring compliance with the N 200bn ($136m) threshold mandated for lenders with a national banking license [1][2] - The move is seen as a statement of confidence in Nigeria's future and a deliberate investment in its growth, with Citi ready to expand support for clients in priority sectors such as infrastructure, energy, and trade [2][5] - The Central Bank of Nigeria had previously increased the minimum capital requirement for lenders significantly, aimed at strengthening the banking industry against risks like high inflation and naira devaluation [2][3] Capital Requirements - National banks were mandated to augment their capital from N25bn to N200bn, while international banks needed to raise theirs to N500bn from an earlier N50bn [3] - As of last month, only 14 out of 36 financial institutions had met the new capitalisation standards set by the Central Bank of Nigeria [3] Strategic Moves - Last month, Citi reached an agreement to offload a 25% stake in its Mexican retail banking subsidiary Banamex for approximately 42 billion pesos ($2.3bn), which operates an extensive network of around 1,300 branches and 9,000 ATMs [4][5] - The divestment of Banamex is part of Citi's strategic moves, with the company indicating that the proposed initial public offering (IPO) for Banamex will depend on market conditions and regulatory approvals [5]

Core Viewpoint - Morgan Stanley has adjusted its model for North American large banks' Q3 2025 performance forecasts, indicating a mild impact on EPS growth of 0-1% and a median EPS estimate 3% higher than market consensus [1][2] Group 1: Earnings Forecasts - The median EPS forecast for North American banks in Q3 2025 is 3% above market consensus, with the largest increases expected for money center banks and State Street Bank (STT.US) [1] - Citigroup (C.US) is projected to have an EPS of $1.99, exceeding the market consensus of $1.83 by 9% [1] - Bank of America (BAC.US) is expected to report an EPS of $1.01, which is 7% higher than the consensus of $0.94 [1] - State Street Bank's EPS is forecasted to be 6% above consensus, while Northern Trust (NTRS.US) is expected to be 3% higher [1] - Most super-regional banks are projected to be 1-3% above consensus, with Truist Financial (TFC.US) and Wells Fargo (WFC.US) both expected to be 3% higher [1] Group 2: Key Financial Metrics - The model incorporates a macro assumption of an additional 125 basis points rate cut by the end of 2026, with a focus on Citigroup, Bank of America, Goldman Sachs, and JPMorgan Chase (JPM.US) due to expected outperformance in investment banking fees and trading income [2] - Money center banks are expected to lead in asset growth, with JPMorgan Chase's average total assets projected to reach $4.43 trillion, an 8.4% year-over-year increase, and Bank of America expected to reach $3.47 trillion, a 5.5% increase [2] - The deposit structure shows a gradual decline in non-interest-bearing deposits, with Bank of America projected to have 26.0% in 2025, down from 26.7% in 2024 [2] - The net interest margin (NIM) is expected to remain stable, with a median estimate of 2.50% for 2025, while super-regional banks are projected to have higher NIMs [2] Group 3: Revenue Growth Drivers - Fee income is a core growth driver, with M&A fees expected to grow 30% year-over-year, significantly above the consensus growth of 11% [3] - Equity Capital Markets (ECM) fees are projected to increase by 41%, compared to a consensus of 30%, while Debt Capital Markets (DCM) fees are expected to grow by 4% against a consensus of 3% [3] - Money center banks like JPMorgan and Goldman Sachs are expected to see over 9% year-over-year growth in fee income for 2025 [3] Group 4: Capital Returns - The median dividend payout ratio for banks in 2025 is expected to be around 30%, with money center banks showing a slight decrease from 27% to 29% [3] - JPMorgan is projected to pay $5.80 per share in dividends, while Citigroup is expected to pay $2.32 per share [3] - Stock buybacks are anticipated to increase significantly, with JPMorgan expected to repurchase $38.01 billion in 2025, up from $18.84 billion in 2024, and Citigroup expected to repurchase $13.47 billion, a substantial increase from $2.5 billion in 2024 [3] Group 5: Overall Outlook - The report maintains a cautiously optimistic view on North American large banks, suggesting that money center banks will outperform due to investment banking and trading income, while super-regional banks show stable asset quality [4] - Trust banks are expected to face pressure on net interest margins but still demonstrate resilience supported by fee income [4]