C - Citigroup Inc.
69.69 +0.33 (0.48%)
After hours: 7:28PM EDT
| Previous close | 69.12 |
| Open | 68.77 |
| Bid | 69.46 x 100 |
| Ask | 69.60 x 1300 |
| Day's range | 68.05 - 69.76 |
| 52-week range | 58.93 - 80.70 |
| Volume | 16,058,903 |
| Avg. volume | 18,365,396 |
| Market cap | 176.861B |
| Beta | 1.49 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -2.83 |
| Earnings date | 13 Jul 2018 |
| Forward dividend & yield | 1.28 (1.82%) |
| Ex-dividend date | N/A |
| 1y target est | 83.89 |
- Business Wire•4 hours ago
Citigroup Declares Common Stock Dividend and Announces Adjustment to Warrant Exercise Price
The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup’s common stock of $0.32 per share, payable on May 25, 2018 to stockholders of record on May 7, 2018.
CNBC•11 hours agoYour first trade for Wednesday, April 25
The "Fast Money" traders share their first moves for the market open.
Reuters•yesterdayCiti chairman says all options open to find his replacement
Citigroup Inc Chairman Mike O'Neill said on Tuesday all options were being considered to find a successor before he steps down in the next 12 months, after reaching the retirement age of 72. The options include having Citigroup Chief Executive Officer Mike Corbat take on the additional role of chairman, O'Neill said at the Wall Street bank's annual shareholder meeting.
Reuters•yesterdayCiti chairman says all options being considered for his replacement
CHICAGO/BENGALURU (Reuters) - Citigroup Inc Chairman Mike O'Neill said on Tuesday all options were being considered for his replacement, when he will retire in the next 12 months. The options include having Citigroup Chief Executive Officer Mike Corbat taking on the additional role of chairman, O'Neill said at the Wall Street bank's annual shareholder meeting. O'Neill has said is preparing to retire from Citi's board because he will turn 72, the company's retirement age for directors.
- Market Realist•2 days ago
Strong ETF Inflows Continued Last Week
ETF inflows maintained the strong momentum last week amid solid corporate earnings growth. According to FactSet, US-listed ETFs attracted $11 billion worth of inflows, which takes the year-to-date inflows to $82.1 billion. The smart recovery in global stocks inspired investors to put $7.9 billion into equities (JPM) (WFC) (C)—$6.8 billion was in US equities, while the remaining was in international equities. US fixed-income ETFs added $2.2 billion, while international fixed-income ETFs garnered $458 million. The benchmark ten-year Treasury yield rose to 3% compared to 2. ...
- Business Wire•2 days ago
Citi Establishes Service to Support New SEC Regulations for Mutual Funds
Citi has established a service for clients facing the SEC’s Rule changes affecting the U.S. mutual fund industry later this year. The SEC’s sweeping reporting modernization and liquidity risk management rules place an added operational burden on asset managers. Compliance with the rules requires additional market data, analytics and new reporting infrastructure.
- Financial Times•3 days ago
[$$] US companies count costs and benefits of Trump tax law
As John Gerspach, Citigroup ’s chief financial officer, announced the bank’s first-quarter earnings this month, he told Wall Street analysts “the best is yet to come” from the overhaul of US corporate ...
- MarketWatch•4 days ago
New accounting rule raises revenue for big banks, but not all are highlighting the change
JPM says revenue is higher by $303 million but Citi, Bank of America are less forthcomingReutersJP Morgan CEO Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain's Chancellor of the Exchequer George Osborne (not shown) at JP Morgan's corporate centre in Bournemouth, southern Britain, June 3, 2016. As new accounting standards for recognizing revenue take effect in the first quarter of 2018, big banks are taking decidedly different tacks in explaining how some revenues would be reported going forward, and why they are higher or lower than what investors may have expected. The biggest commercial and investment banks have already explained how new rules for reporting revenue, effective for most public companies on Jan 1, would impact results.
- Market Realist•4 days ago
Is Morgan Stanley Fairly Valued?
Morgan Stanley (MS) stock has fallen 4.6% over the past three months and risen 28.7% over the past year. In comparison, the overall sector (XLF) has fallen 6.4% and risen 19.1%, respectively. The bank’s asset management offerings, interest income, and consistent trading revenue have continued to support its strong performance.
- Market Realist•4 days ago
How Wall Street Views Morgan Stanley after Its Strong Results
Wall Street analysts were upbeat about investment bankers (XLF) in 1Q18 due to an expected spike in trading. Major banks managed to beat estimates and the overall forecast for 2Q18 is lower.
Yahoo Finance•5 days agoWells Fargo hit with $1 billion fine
The CFPB and OCC fined Wells Fargo $1 billion relating to unfair practices with mortgage rate fixing and auto loan insurance.
- Market Realist•5 days ago
Why JPMorgan Chase Is Commanding Premium Valuations
JPMorgan Chase (JPM) stock has generated a return of 13.1% in the last six months and 29.0% in the last year. In comparison, the financial sector (XLF) has grown 5.1% in the last six months and 18.6% in the last year, respectively.
- Market Realist•5 days ago
How Analysts Are Rating JPMorgan Chase after Its 1Q18 Results
Wall Street analysts are maintaining their bullish outlook on US banks (XLF) amid trade wars, lower taxes, and a push for domestic manufacturing. Among major bankers, JPMorgan Chase (JPM) has garnered 13 “buys” or “strong buys” out of 28 analysts in April 2018. Thirteen analysts have recommended “holds” on JPMorgan, whereas one has given it an “underperform” rating, and one has given it a “sell.” JPMorgan Chase commands a one-year mean price target of $121.78 compared to its current price of $110.30, reflecting average growth.
- The Wall Street Journal•6 days ago
Growth in Banks’ ROEs Gets Boost From New Tax Law
While the banks' first-quarter ROEs were strong, a significant chunk of the strength stemmed not from growth in the banks' operations, but from the sharply lower tax rates they're now enjoying because ...
- Investing.com•6 days ago
Bitcoin Rises; Crypto Funds Report Losses in Q1
Bitcoin and other virtual coins were higher on Thursday, while cryptocurrency hedge funds reported massive losses in the first quarter of 2018. Bitcoin was trading at $8,250.5, rising 1.77% as of 9:00 AM ET (1:00GMT) on the Bitfinex exchange. While Bitcoin was higher, it was still far from its peak of $20,000 in December.
- Market Realist•6 days ago
How Wall Street Is Evaluating Goldman Sachs after 1Q18
Investment and commercial banks (XLF) were expected to benefit from higher trading revenues and lower taxes in 1Q18. All major bankers have beat estimates, reflecting strong operating performance and comfort from lower taxes. Among major bankers, Goldman Sachs (GS) commands a mixed rating outlook, with 10 out of 27 analysts calling for “strong buy or buy” ratings. Fifteen analysts have given “neutral” ratings, and four have assigned “underperform.”
- CNBC•6 days ago
A trade hangover has kept markets from pricing in explosive earnings, market watcher says
Earnings expectations are sky high, but markets haven't fully caught up to the forecasts, according to one market watcher.
- The Wall Street Journal•7 days ago
Stock Sales in a Volatile Quarter Push a U.S. Bank Up Asian League Tables
Citigroup Inc. found itself in an unusual position in Asia at the end of the first quarter—at the top of league tables for stock underwriting and related activities in the region.
CNBC•7 days agoCramer rebels against Wall Street's 'downbeat' outlook on the banks
Jim Cramer pushes back on theories that the big banks aren't performing as well as they should be.
Market Realist•7 days agoHow JPMorgan Chase Is Performing in Core Banking Ops
JPMorgan Chase’s (JPM) Commercial Banking segment posted revenue of $2.2 billion in 1Q18, up 7% from 1Q17. The segment managed higher revenue on net interest income growth of 14% partially offset by lower investment banking revenue.
- Market Realist•7 days ago
Goldman Sachs’s Trading Performance in 1Q18 and 2018
The bank posted net revenues of $4.4 billion in 1Q18 for the Institutional Client Services or ICS segment, growth of 85% from 4Q17 and 31% from 1Q17, reflecting a strong rebound from laggard performance in 2H17. The ICS segment’s fixed income, currencies, and commodities trading revenues increased 23% to $2.07 billion, helped by currencies, higher commodity prices, and credit products and partially offset by rates and mortgages. Goldman has taken advantage of higher fluctuations in products outside of equities, and it managed to get an edge over other bankers.
- Business Wire•7 days ago
Citi 2018 Annual Stockholders’ Meeting
Citigroup Inc. will hold its 2018 Annual Stockholders' Meeting on Tuesday, April 24, 2018, at 9 a.m. CDT at The Great Hall of the Congress Plaza Hotel in Chicago, IL.
CNBC•7 days agoTrade war would be 'end of global recovery,' says Citigroup economist
If tariffs between the U.S. or China were to become a reality, it would result in a "serious trade war," says Citigroup Chief Economist Willem Buiter.
- Bloomberg Video•2 days ago
Mayo Says Investors Ask 'Where's My Dessert?'
Apr.23 -- Mike Mayo, Wells Fargo Securities senior bank analyst, says the bank earnings results validate his bullish take on the sector. He speaks with Vonnie Quinn on "Bloomberg Markets."
- Bloomberg Video•5 days ago
Trump One of Many Wildcards in Oil Market, Says Citi's Eric Lee
Apr.20 -- Eric Lee, energy strategist at Citigroup, discusses the market impact of President Donald Trump's Friday morning tweet on OPEC and oil prices. He speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
