Citi Shares Jump on Earnings Beat, Stock Buyback Plan
Citigroup said its board of directors authorized a new multiyear $20 billion stock buyback program that will begin in the first quarter of 2025, helping to trigger a surge in the share price. CFO Mark Mason said the planned buyback reflects confidence in the bank’s strategy.
Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that ...
JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup are scheduled to report fourth-quarter earnings Wednesday.
Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on ...
Citigroup exceeded expectations in Q4 2024, driven by strong business performance.
The broker released its best investment ideas for the smaller end of the sharemarket this year, which includes a retailer, a ...
Citigroup Inc.'s Chief Executive Jane Fraser said the bank expects to report return on tangible common equity, or ROTCE of 10% to 11% in 2025, but she's working to push it higher. "This level is a ...
Citigroup initiated a major transformation plan in 2024 in an effort to unlock value and drive higher returns. Management ...
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