Core Viewpoint - Citigroup has appointed Ankur Khurana as the head of commercial banking in India, aiming to enhance its focus on the rapidly growing mid-market corporate segment in the country [2]. Group 1: Appointment Details - Ankur Khurana joins Citigroup after working at Standard Chartered Plc, where she was co-head of coverage for India and South Asia [1][2]. - The position became available following the departure of Bhanu Vohra, a long-serving banker at Citi, who left in July to join BDO's Indian arm [2]. Group 2: Experience and Background - Khurana brings over 20 years of experience in corporate and commercial banking [2]. - She had been in discussions with multiple financial institutions after her exit from Standard Chartered [1].

Core Insights - The U.S. banking sector is dominated by major players, notably Citigroup Inc. and Wells Fargo & Company, both facing challenges and opportunities shaped by economic conditions and internal strategies [1][2] Citigroup's Strategy and Financial Outlook - Citigroup is undergoing a multi-year restructuring, focusing on leaner operations and exiting lower-return international consumer businesses, including a significant exit from 14 markets [3][4] - The company is preparing for an IPO of its Mexican consumer banking units, which is expected to free up capital for investments in wealth management and investment banking [4][28] - Citigroup's net interest income (NII) rose by 11% year-over-year in 2025, with projections for a 5-6% increase in 2026 [8][10] - The company anticipates significant EPS growth of 27.7% in 2026, supported by cost cuts and improved operating leverage [22][29] Wells Fargo's Strategy and Financial Outlook - Wells Fargo is focusing on consumer banking and commercial lending by exiting non-core, lower-return businesses, targeting $10 billion in annual cost cuts [5][6] - The Federal Reserve lifted the asset cap on Wells Fargo, allowing for balance-sheet expansion and a raised medium-term return on tangible common equity (ROTCE) target to 17-18% from 15% [6][10] - Wells Fargo's NII is expected to grow to $50 billion in 2026, up from $47.8 billion in 2025, despite some offset from expected rate cuts [10][30] - The bank's EPS growth estimate for 2026 is 9.9%, indicating steady but less compelling growth compared to Citigroup [22][30] Stock Performance and Valuation - In the past year, Wells Fargo shares increased by 11.7%, while Citigroup's stock surged by 39.5%, outperforming the industry average of 20.6% [14] - Citigroup's trailing P/E ratio is 11.1X, compared to Wells Fargo's 12.6X, both trading below the industry average of 14.5X, indicating Citigroup is the cheaper option [16][29] - Both companies offer competitive dividend yields, with Citigroup at 2.1% and Wells Fargo at 2.05% [19] Conclusion - Citigroup is positioned for greater upside potential in 2026 due to its ongoing transformation and strategic focus on higher-margin areas, while Wells Fargo's recent improvements are largely priced in [27][30][31] - Investors seeking higher growth potential may find Citigroup's fundamentals and valuation more attractive compared to Wells Fargo [31]

Core Insights - Citigroup, led by CEO Jane Fraser, is proactively implementing mandatory AI training for its 175,000 employees across 80 global locations to help them adapt to the changing workplace dynamics brought about by AI technology [2][3][4]. Group 1: AI Training Implementation - Citigroup has confirmed that it sent a memo to its 175,000 employees, mandating AI training with a focus on prompt engineering to alleviate fears and misconceptions about AI tools [3]. - The training aims to enhance employees' skills in using AI tools effectively, which is expected to benefit their work and lives significantly [3][4]. - Fraser emphasizes that the training is not just an investment in employees' livelihoods but also a strategic move for the company, as about 50% of new positions are filled by internal employees [4]. Group 2: Training Outcomes and Effectiveness - The AI training program has shown significant results, with employees inputting over 6.5 million prompts into the company's AI tools last year [4]. - The internal memo indicated that the use of AI has drastically reduced the time required for tasks, with some jobs that previously took hours now completed in minutes [4]. - By Q4 2025, the usage rate of Citigroup's proprietary AI tools is projected to reach 70%, with over 21 million interactions from employees across 84 countries [4]. Group 3: Employee Perspective and Support - The training initiative is designed to reassure employees that AI is a collaborative partner rather than a threat to their careers [5]. - Experts suggest that such training is crucial in reinforcing the understanding that AI acts as a co-pilot in the workplace, rather than a replacement for human roles [5].

Big bank earnings are stepping back into the spotlight just as markets brace for fresh Fed signals, new inflation data, and another reality check on the health of U.S. finance. This earnings season features updates from heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C), giving a front‑row view into how major lenders are navigating tighter policy and shifting credit conditions. One name stands out in that lineup. Citigroup has seen its stock surge nearly 4 ...

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As the US dollar continues to fall a new four year low, investors are grappling with US policy risks and there is speculation that Japan will intervene to support the yen. Citi Research Global Chief Economist Nathan Sheets speaks on the issue with Scarlet Fu on 'Bloomberg Markets.' Interview occurred on January 27, 2026. ...

Press release Regulated information Brussels, January 28, 2026, 17:45 CET In line with Belgian transparency legislation (Law of May 2, 2007), Citigroup Inc. recently sent to Solvay the following transparency notifications indicating that they crossed the threshold of 3%. Here is a summary of the notifications: Date on which the threshold is crossed Voting rights after the transaction Equivalent financial instruments after the transaction Total January 19, 2026 0.56% 2.51 3.06% January 22, 2026 0.00% 0.00% ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Citigroup is pushing back against a lawsuit from a former wealth management executive who claimed that Citi’s Head of Wealth Andy Sieg had sexually harassed her. In a separate filing from Julia Carreon’s complaint against the bank in Texas federal court, Citigroup asked the court to compel arbitration to settle Carreon’s claims, arguing there was “absolutely no factual or legal basis for any such ...

The dollar’s slide to a four-year low lent fresh momentum to the precious metals complex on Wednesday, pushing prices further , even as geopolitical tensions continued to support it. Reactions to the latest rally were mixed with some analysts forecasting further surge in the precious metals, but some cautioned saying they are in the over-bought category. At 1915 hours IST, gold zoomed to $5,295 an ounce. Gold April futures soared to $5,344 an ounce before easing. In India, the yellow precious ended at a fre ...

Core Viewpoint - Citigroup Inc. is undergoing a significant restructuring under CEO Jane Fraser, aiming to reduce its workforce by 20,000 by the end of 2026, which has positively influenced market reactions despite a recent drop in net income [2][5]. Financial Performance - For Q4 2025, Citigroup reported total revenues of $19.87 billion, a 2% increase year-over-year, driven by growth in various segments [5]. - The net income for Q4 dropped 13% year-over-year to $2.47 billion, while the full-year profit increased by 13% to $14.31 billion [5]. - Analysts expect Citigroup's EPS to grow 32.1% year-over-year to $2.59 for the current quarter and anticipate further growth to $10.17 in fiscal 2026 and $12 in fiscal 2027 [6]. Stock Performance - Over the past 52 weeks, Citigroup's stock has gained 41.6%, outperforming the S&P 500 Index, which gained 16.1% in the same period [3]. - The stock reached a 52-week high of $124.17 on January 6 but has since declined by 7.6% from that level [3]. - The stock has also outperformed the State Street Financial Select Sector SPDR ETF, which is up 3.1% over the past 52 weeks [4]. Analyst Ratings - Among 25 Wall Street analysts covering Citigroup, the consensus rating is a "Moderate Buy," with 15 "Strong Buy" ratings, four "Moderate Buys," and six "Holds" [6]. - The ratings configuration has become more bullish compared to a month ago, with an increase in "Strong Buy" ratings from 14 to 15 [7].